How the elderly care industry boosts economic growth in China [Video]

China’s population is aging and the elderly care industry is already becoming an engine of the country’s socioeconomic development. What sectors benefit from the silver economy? As Gen Z and Millennials pour into the elderly care sector, what opportunities and challenges do they face? Cheng Haijun, a professor at Beijing College of Social Administration, explains how the elderly care industry boosts employment and economic growth.