Seniors in China emerging as big spenders

World Today

Chinese people over the age of 60 could become the largest demographic on the planet, numbering more than 400 million by 2050. That’s more than the United States’ population today. And they could become one of the most powerful consumer groups too, as their spending grows. China’s ‘grey market’ could offer a silver lining to the country’s ageing society. CCTV’s Grace Brown filed this report from Beijing.

Seniors in China emerging as big spenders

Seniors in China emerging as big spenders

Chinese people over the age of 60 could become the largest demographic on the planet, numbering more than 400 million by 2050. That's more than the United States' population today. And they could become one of the most powerful consumer groups too, as their spending grows. China's 'grey market' could offer a silver lining to the country's ageing society. CCTV's Grace Brown filed this report from Beijing.