The General Office of the State Council recently issued the "Opinions on Developing the Silver Hair Economy and Enhancing the Welfare of the Elderly". This is the first special document issued by the country to support the development of the Silver Hair Economy, and also the No.1 document released by the State Council in 2024. At the routine policy briefing of the State Council held on the 22nd, relevant departments interpreted the document. Why should we develop a silver economy? Zhang Shixin, Deputy Secretary General of the National Development and Reform Commission, said that developing the silver economy is a realistic need to realize the people's aspiration for a better life, a powerful measure to promote high-quality development, and an important support for Chinese path to modernization. China has nearly 300 million elderly people, and developing a silver haired economy is conducive to adapting to the trend of the elderly's demand structure shifting from survival oriented to development oriented. Silver hair economy covers a wide range of areas, has a long industrial chain and diversified business types, which is pregnant with new opportunities, and will certainly lead to new fields and new tracks, and become a new support for exploring a path with Chinese characteristics to deal with population aging in the process of Chinese path to modernization. Regarding the connotation of the silver haired economy, Liu Ming, Director of the Social Development Department of the National Development and Reform Commission, introduced that it includes two aspects: the "elderly economy in the elderly stage" and the "elderly preparation economy in the young stage". From the perspective of national planning guidance, the development of the silver haired economy fully corresponds to and implements the national strategy of actively addressing population aging. The inclusion of industries related to "preparing for the elderly" in the category of silver economy is an overall consideration under the national strategic framework of actively responding to population aging. From the perspective of an individual's life cycle, the elderly and young stages are not separated and should be planned as an organic whole. From the perspective of intergenerational transmission in society, the development of the silver haired economy cannot be separated from the joint participation of people of all ages. Opinions on deploying smart health and elderly care, digital aging adaptation, etc. He Yaqiong, Director of the Consumer Products Industry Department of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will continue to innovate, continuously improve digital empowerment methods, cultivate and strengthen the smart health and elderly care industry, solve the application problems of digital products and services for the elderly, and increase the promotion of digital assistance for the elderly. Next, we will guide production enterprises, telecommunications companies, internet service providers, etc. to integrate more care for the elderly into their products and services, so that the elderly can better enjoy the convenience brought by digital technology to their lives. Propose relevant measures to promote the safe and convenient consumption of silver haired groups. Zhu Guangyao, the head of the Service Trade and Trade Services Department of the Ministry of Commerce, said that it will better meet the consumption needs of the silver haired group: optimize the development environment of silver hair consumption, actively develop healthy consumption, and optimize the supply of goods and services; Strengthen international cooperation, promote the development of the silver hair economy, fully leverage the platform role of CIIE, CIFTIS, and Consumer Expo, showcase and promote cutting-edge technologies, products, and services of the silver hair economy, and strengthen cross regional and international cooperation of the silver hair economy; Promote the improvement and expansion of the domestic service industry, strengthen development support, encourage and guide domestic workers to actively participate in the care services for elderly people at home, expand the supply of domestic services, and improve the quality of domestic services. Make arrangements to increase the supply of services such as meal assistance and care. Li Yongxin, the head of the Elderly Care Service Department of the Ministry of Civil Affairs, stated that for these new task requirements, the focus will be on increasing the supply of elderly care services, cultivating new forms of elderly care services, and strengthening the guarantee of elderly care service elements