Editor's Note: CGTN launches a new series called BizFocus, where anchors and reporters explore the most vibrant business sectors and events in China. Through in-depth interviews with industry experts and on-the-ground coverage, we bring you the latest developments and trends in various business sectors.

In recent years, China's silver economy has experienced remarkable growth, fueled by the country's aging population. With over 280 million individuals aged 60 and above, comprising almost 20 percent of the total population, the impact of this demographic shift is becoming increasingly evident. In this episode of BizFocus, our reporter Xu Yi delves into the phenomenon, uncovering how China's elderly population is spearheading a new era of silver spending.