China’s demographics are poised to create a new ‘silver economy’ — but industry insiders say the nascent sector is still far from a sure bet.
People outside a community elderly care center at the Suzhou Industrial Park in Suzhou, Jiangsu Province, December 1, 2020. Credit: Ji Chunpeng/Xinhua via Getty Images
Chen Dongsheng knows a thing or two about riding China’s economic waves. For the past 30 years, Chen has leveraged his connections — he’s married to Mao Zedong’s granddaughter — in order to read the political tea leaves, and he’s successfully cashed in in the process. In 1993, he co-founded China’s first auction house, China Guardian Auctions; the year after, he launched Zhaijisong, one of the country’s largest logistics and delivery firms; and in 1996, he founded Taikang Life, a
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