Xin Hua Cai Jing·2025-09-22 02:03Core Viewpoint - The article discusses strategies to expand elderly care service consumption in China, emphasizing the need for policy support and market innovation to meet the growing demand for elderly services [2] Group 1: Market Demand and Growth - The elderly population in China is projected to reach 487 million by 2050, representing 35% of the total population, which significantly increases the demand for elderly care services [2] - The current market for elderly care services is valued at approximately 1.5 trillion yuan (around 230 billion USD), with an expected annual growth rate of 20% [2] Group 2: Policy Recommendations - The article suggests that the government should implement favorable policies, including tax incentives and subsidies, to encourage private investment in elderly care services [2] - It highlights the importance of integrating technology into elderly care services to improve efficiency and service quality, such as using telemedicine and smart home technologies [2] Group 3: Industry Challenges - The elderly care service industry faces challenges such as a shortage of qualified personnel and inadequate infrastructure, which need to be addressed to meet the rising demand [2] - There is a need for better coordination between different sectors, including healthcare, social services, and community support, to create a comprehensive elderly care system [2]