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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President Xi Jinping’s anti-corruption campaigns have come full circle in the PLA. First he hunted his predecessors’ appointees. Now his own generals are falling.
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In a special bonus episode recorded live at the Asia Society, host Jane Perlez speaks with journalist and scholar Orville Schell about his 50 years covering Chinese leaders and their American counterparts. They attempt to answer the question: how did we get here?
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