The Impact of Population Aging on Economic Growth: A Case Study of China
DOI:
https://doi.org/10.54097/661zka91Keywords:
Population aging, Economic growth, Chinese population, Labour supply, Policy response.Abstract
China's population is ageing rapidly. It will enter an ageing society in 2000, enter a moderate ageing society in 2021, and enter a severe ageing population in 2035. Compared with other countries, China's time from ageing to moderate ageing is shorter. This will have a profound impact on economic development, social governance, etc., and is a major event related to the modernization process. Therefore, this study discusses the reasons and trends for the rapid ageing of China's population, and analyses the challenges posed by population ageing. Taking China as an example, it reflects the challenges faced by countries with an ageing population in the whole world. The main purpose is to explore the impact of population ageing and population ageing on China's economic growth caused by China's unique system, and I will give two specific suggestions based on the current situation of population ageing. The main research method adopted in this paper is descriptive analysis. The main finding of this study is that ageing has a negative impact on growth through labour supply, and there is the potential of a "silver-haired economy". Eventually, a possible key policy revelation will be put forward.
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