Invigorating Silver Age Industry
(He Wei, a member of the 11th CPPCC National Committee)
Private investment in silver age industry should be encouraged. With more enterprises competing, most of the needs of seniors could be met via the market.
The old-age insurance system should be improved, to make sure that seniors, especially rural seniors, receive adequate financial support—which would ease seniors' worries and improve their purchasing power.
Enterprises making products for seniors should carry out careful research; obtain a clear idea of the size and structure of the senior population, as well as seniors' income levels, special needs and consumption psychology and patterns. With improved foresight, they could better tailor products to seniors' needs.
The proposal also suggested boosting services to seniors, especially in the care area.