The State Council, China's cabinet, held its first executive meeting of the Year of the Horse on Tuesday, focusing on advancing the development of the silver economy and elderly care services.

Data indicates that the market scale of China's silver economy will reach 30 trillion yuan by 2035, accounting for approximately 10% of gross domestic product (GDP). The silver economy has gradually evolved from a livelihood initiative into a trillion-yuan industry.

According to data released by China's National Bureau of Statistics in January 2025, the population of individuals aged 60 and above in China surpassed 300 million for the first time by the end of 2024, reaching 310.3 million. This represents approximately 22% of the total population. In comparison, the population aged 65 and above is about 220 million, accounting for 15.6% of the total population.