China and South Korea find a new shared bond: their rapidly ageing societies

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China and South Korea, despite competition in hi-tech industries, are finding common ground in addressing their rapidly aging societies. Leaders Xi Jinping and Lee Jae Myung have discussed the issue in recent meetings, pledging collaboration to manage the economic changes resulting from low birth rates. In November, the countries signed a cooperation agreement on the "silver economy," focusing on sectors catering to the elderly. Lee emphasized the "limitless collaboration opportunities" in this area during his January state visit. Analysts suggest the silver economy presents a less sensitive and rapidly growing market for cooperation between the two Asian economies, even amidst geopolitical tensions.
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