China is grappling with an escalating demographic crisis. In 2023, the senior population has ballooned by 30 million in the world’s second-largest economy, taking the total size of the elderly class to 300 million – almost a fifth of the country’s population.
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Weil, Gotshal & Manges has become the latest U.S. law firm to retreat from the Chinese market, saying Wednesday it is moving towards ending its presence on the mainland.