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Opportunities in China's Senior Care Market Detailed Event Information For Opportunities in China's Senior Care Market
Opportunities in China's Senior Care Market -- Architectural/Constr./Engineering SVC, Drugs/Pharmaceuticals, General Science & Technology, General Services, Household Consumer Goods, Health Care Services, Information Services, Medical Eq., Security/Safety Eq., Telecommunications Eq.
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Location/Date: Fort Lauderdale, FL, United States 03/06/2017 - 03/07/2017
Event Summary:
By 2050, China is expected to have nearly 500 million people over 60, exceeding the population of the United States, according to UN predictions. The aging population has brought greater demand for senior care services. According to a report published by PricewaterhouseCoopers, Chinese people will spend over 10 trillion yuan ($1.54 trillion) from 2016 to 2020 on senior care, increasing 17 percent per year; According to a report by Asia Briefing, senior care is expected to surpass real estate as China's largest industry within 13-15 years, and is estimated to be worth RMB 1.8 trillion by 2020 and RMB 7.6 trillion by 2050. The Chinese government in its 13th Five Year Plan has issued policies to further improve the senior care system, including opening up the market and encouraging private and overseas investment.

Contacts:
Leandro Solorzano, Fort Lauderdale
Senior International Trade Specialist
Phone: 954-356-6647
Leandro.Solorzano@trade.gov
Yaoyi Wang, Shanghai
Commercial Specialist
Phone: +86-(21)-6279-8749
Yaoyi.Wang@trade.gov
Christian Koschil, Shanghai
Commercial Officer
Phone: (86-21) 6279-8598
Christian.Koschil@trade.gov

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