With China’s over 60s population set to pass 300 million by 2050, the traditional cemetery management business is forecast to grow 35 per cent annually, from 110.8 billion yuan in 2015 to 505.4 billion yuan in 2020 according to China Merchants Securities. Photo: AFP

China’s largest funeral service provider reports surge in business amid ageing population

Fu Shou Yuan International eyeing more PPP agreements with Chinese local governments to grab further market share in fast-growing sector

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With China’s over 60s population set to pass 300 million by 2050, the traditional cemetery management business is forecast to grow 35 per cent annually, from 110.8 billion yuan in 2015 to 505.4 billion yuan in 2020 according to China Merchants Securities. Photo: AFP
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