Data from the seventh national census show that China's population aged 60 and above is 264 million, accounting for 18.7%; The population aged 65 and over is 190 million, accounting for 13.5%. With the deepening of the aging degree, China is actively responding to the aging of the population, building a pension, filial piety, respect for the elderly policy system and social environment, promote the combination of medical care and support, accelerate the development of undertakings and industries for the elderly. French enterprises are actively participating in the development of China's pension industry under the trend of the continuous release of the potential demand for multi-level pension services in China. At a recent China-France Cooperation Fair on Elderly Care Services held by the French Embassy in China, several French business representatives held the view that there is huge potential for China-France cooperation on elderly care, and China and France should deepen cooperation on elderly care services to help the development of China's elderly care service industry.

French Ambassador to China, Loliang said that French pension enterprises have more than 40 years of experience in the development of the elderly care industry, and they are pursuing the same goal, which is to make more elderly people enjoy necessary care services in a healthy way. French pension institutions have entered China's Beijing, Guangzhou, Shenzhen, Nanjing, Changsha and other cities, in a variety of forms of development in China. The success of French enterprises in China lies in constantly adapting to China's national conditions and the needs of the local population. It is hoped that France-China cooperation in elderly care will be fruitful. In 2018, France and China signed a memorandum of understanding on silver economic cooperation, and France hopes to continue to strengthen cooperation with China in the elderly care industry.

It is known that French companies have more than ten high-end innovative pension projects in China, providing French aging solutions for more than 400 projects in 30 cities.

"China's silver economy is a sunrise industry. With the deepening of the aging of the population and the continuous growth of the Chinese economy, the pension market has huge potential," Du Liwei, general manager of Galiser Group China said in an interview with China Trade News. After more than 10 years in the Chinese market, we have found that Chinese elders are more willing to accept new things, and the Chinese government's exploration of the development of the elderly care industry provides opportunities for Gliese to learn from each other."

Gollizer came to China in 2010 and set up a joint venture in 2014 with China Merchants Shekou, the flagship property arm of China Merchants Group. CMG is committed to providing and implementing innovative solutions for Chinese seniors, such as non-drug therapy, Montessori, psychomotor rehabilitation, personalized life plan, etc. At present, the occupancy rate of Glieser's Shekou Health Center in Shenzhen has reached 100%.

When talking about the reasons for successful operation in China, representatives of French companies attending the meeting believed that localization is the key. Wang Ming, Sales Director of French LeGrande Building Systems in China, said, "We do not simply copy the French experience directly in China. Instead, we dig deep and close to the Chinese market, develop customized smart pension solutions for the Chinese elderly population, and produce products that are more suitable for local elders."

Dooley is optimistic about Gollizer's prospects in China. "In the future, there is great potential for cooperation between China and France in the elderly care industry. France entered the aging society 40 years ago, and the valuable experience accumulated by French enterprises can provide better services with international standards for the elderly in China." "China's silver economy will see a blowout in the near future," he said. "It will be a trillion-level market, and it will also spawn more professional companies in different segments." Gollizer's vision is to provide all senior citizens living in China with dignity and respect in their later years.

In order to realize this vision, Du Liwei said, Collizer will further introduce the French high-quality pension service experience, perfect pension service management system, characteristics of the pension service concept and technology, at the same time, strengthen the analysis of China's pension needs, to provide more suitable for the needs of the elderly in China.