China's ageing population: Firms target growing elderly market with smart living gadgets
China is aging fast. The population of people over 60 years old in China is projected to reach 28 per cent by 2040. The demographic crisis is also an opportunity, and businesses are trying to capture it through innovation and technology. CNA’s Tan Yew Guan went down to check out one elderly care trade show in Shanghai, to find out how retirement might look like years down the road for China's elderly.
China is aging fast. The population of people over 60 years old in China is projected to reach 28 per cent by 2040. The demographic crisis is also an opportunity, and businesses are trying to capture it through innovation and technology. CNA’s Tan Yew Guan went down to check out one elderly care trade show in Shanghai, to find out how retirement might look like years down the road for China's elderly.
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