Question 40: Which of the following best summarises the passage? A. The promotion of a “silver economy” is Beijing’s key solution to recent...
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Question 40: Which of the following best summarises the passage?
A. The promotion of a “silver economy” is Beijing’s key solution to recent economic problems, relying on the high spending power of retirees to successfully offset weaker consumption patterns seen among younger generations.
B. As China’s “silver economy” is promoted, companies are launching new senior products, though these offerings seem to be aimed at the elite minority of retirees with far more wealth than the general population of elderly citizens.
C. Although China’s “silver economy” demonstrates strong financial potential, its overall growth appears to be held back by the ingrained cultural frugality of older citizens, a restrictive mindset from a much more difficult past.
D. Beijing is promoting its “silver economy” to leverage retiree spending, but while this demographic has high growth potential, its broad economic impact is constrained by huge pension gaps and a culture of deep-seated frugality.