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Chinese retirees
Trends
- 1Chinese retirees drive consumption growth and seek social respect▼As Chinese retirees boost consumption, some hope for greater respect in society
China's growing ranks of retirees are becoming a significant force in consumer spending, powering demand in sectors like travel, health and leisure, according to a South China Morning Post report. Beyond their economic clout, some older Chinese say they hope the new attention on their spending power translates into greater respect in society, where ageism and diminished status after retirement remain common concerns.