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As China and the US face off over tariffs, China is also facing another economic problem – an ageing population.
But, if the country’s retirees – with potentially decades of savings – buy more goods, Chinese companies won’t have to rely as much on trade overseas.
To facilitate this, Beijing has introduced initiatives like “silver trains” – trains taking OAPs to tourist spots in the country, and encouraging them to spend there.
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Date: April 17, 2025
