According to the United Nations' clear definition of an aged society, China has now become one of the countries with a relatively high degree of aging. The larger the elderly population, the faster the pace of aging. As a populous nation, China has a massive elderly population base, and its proportion continues to increase at a rapid rate. Data indicates that the proportion of China's population aged 65 and above rose from 4.7% in 1980 to 18% in 2018, and is projected to continue increasing to 18% by 2030 and 33% by 2050.
With declining birth rates among younger generations and extended life expectancy, the burden of eldercare on both young people and society is growing daily. Persistent employment pressures stemming from demographic dynamics, coupled with the financial strain of children's education, pose significant threats to the future quality of life for the elderly. In China, the phenomenon of "aging before getting rich" has become another unbearable burden.
However, the industry's scale surged from 1.4 trillion yuan in 2010 to 6.6 trillion yuan in 2018. By 2030, China's elderly care industry is projected to reach 22 trillion yuan. This means that within just a decade, China's aging population and elderly care sector will undergo transformative changes. The industry's growth window is imminent, making early strategic positioning in innovative elderly care services an urgent priority.
Given China's unique demographic density and economic development model, Jiade Service Company remains committed to its founding mission of serving family units. We actively enhance residential users' home experiences by integrating property management with in-home eldercare services. Operating community-based home-based eldercare stations, we maximize coverage while elevating quality of life and rebuilding family happiness in aging households.
