China's 'silver economy' draws Japan nursing care equipment retailers

Yamashita, Welfan aim for 100 stores by 2030 as eldercare market grows

Japanese companies Yamashita and Welfan look to serve China's 60-and-older population, which topped 323 million last year and is projected to surpass 400 million around 2035. (Photo by Tomoko Wakasugi)

SHANGHAI/SHIZUOKA, Japan -- Two Japanese specialists in nursing care products are expanding to serve China's growing elderly population, looking to set up a network of 100 stores in the country as early as 2030 as the market balloons.

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