Old is gold: China’s silver spenders – not millennials, Gen Z struggling with rising living costs – set to shape country’s economy

//Old is gold: China’s silver spenders – not millennials, Gen Z struggling with rising living costs – set to shape country’s economy

Old is gold: China’s silver spenders – not millennials, Gen Z struggling with rising living costs – set to shape country’s economy

Liu Yan, a 61-year-old retired accountant living in Tianjin, has just taken delivery of a new fixed-focus lens he bought online for about 4,000 yuan (US$617). It is the third lens he has bought for his Canon R5 camera, which he purchased last year for about 25,000 yuan.“Fixed-focus lenses are better for portrait photography, to capture my lovely wife’s beautiful smile,” he says as he packs his photography gear for the couple’s next trip, to China’s Qinghai province. “I will use my zoom lens to…

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By | 2021-08-07T06:00:19+00:00 August 7th, 2021|Business|Comments Off on Old is gold: China’s silver spenders – not millennials, Gen Z struggling with rising living costs – set to shape country’s economy