- China's Senior Care Market to Rise to 13 Trillion Yuan by 2030 

CHINA AID is organized by the Shanghai Civil Affairs Bureau, the China Council 
for the Promotion of International Trade Shanghai and Shanghai Intex Exhibition 
will be held in Shanghai from 11th-13th June, 2020.

As the most established and influential exhibition and conference platform 
serving the senior care sector in China, for its 20th year CHINA AID 2020 will 
bring together elderly care products and services, technologies and models from 
around the world. A huge array of exhibits, stands and demos will be spread 
over six core areas covering senior care, nursing care, mobility products & 
assistive technology, rehabilitation technology & services, elderly healthcare 
management and age-friendly housing & living environment.

China's population aged over 60 had reached a quarter of a billion people by 
the end of last year, nearly one in five people, with those aged over 65 
surpassing 167 million people and the elderly dependency ratio increasing to 
18.6%.

China's senior security system is benefiting progressively more elderly people 
through supportive government policies. The number of people contributing to 
China's basic endowment insurance program had risen to over 940 million in 
2018, generating revenues of almost 5.4 Trillion Yuan, an annual rise of 15.7%, 
of which over 4.7 Trillion Yuan was spent, 16.5% more than in 2017.

The senior care industry enjoys a bright future, driven by the demographic 
shift, rising standards of living and increasing life expectancy. In adapting 
to these trends, China is deploying progressive subsidies and favorable 
policies, opening up the market to international enterprise to meet the 
challenges posed by the upsurge in demand for elderly care products and 
services. It is also incentivizing real estate developers, insurers and other 
diverse enterprises to implement senior care projects throughout China. The 
market is currently valued at approximately 4 Trillion Yuan, a figure widely 
anticipated to climb to at least 13 Trillion Yuan by 2030. 

Plan the trip from 11th-13th June 2020, SNIEC, Shanghai and enter the gateway 
to China's multi-trillion Yuan senior care market. Visitors can register at the 
exhibition for free through CHINA AID's official website www.china-aid.com.

CHINA AID point of contact: 

Shanghai Intex Exhibition Co., Ltd.
Michelle Ma
T:   +86-21-6295-7553
E:   mazhiwen@shanghai-intex.com

Source: Shanghai Intex Exhibition Co Ltd.