Search

Research On the Impact Mechanism of Population Aging on China’s Economic Growth and Corresponding Strategies

Author(s)

Zheqi Wang

Affiliation(s)

Shaoxing NO.1 High School, Shaoxing, Zhejiang, China

Abstract

The study on the influence mechanism and coping strategies of population aging on China's economic growth aims to deeply analyze how population aging affects China's economic growth through various ways, and explore the corresponding policies and strategies to cope with this challenge. The study points out that the aging of the population has a profound impact on economic growth mainly by affecting labor supply, consumer market structure, upgrading of industrial structure and social security system. The study proposes corresponding coping strategies. First of all, the government should adjust the population policy, encourage fertility, and strengthen the investment of human capital to improve the quality of labor force. Secondly, adapting to the evolving needs of the aging population necessitates the promotion of industrial structure upgrading and innovation. In addition, we will strengthen the reform of the social security system and establish a long-term care insurance system to reduce the financial pressure. At the same time, enterprises and individuals should also take active measures, such as improving production efficiency, optimizing product mix, and strengthening health management, to meet the challenge of an aging population. The aging of population has many effects on China's economic growth, but through reasonable policy adjustment and market mechanism innovation, this behavior can effectively respond to this challenge and achieve sustainable economic development.

Keywords

Policy; Demand; Influence; Mechanism; Market

References

[1] State Statistical Bureau. (2024). China Statistical Yearbook2024. China Statistics Press. [2] Du Peng & Yang Hui. (2009). China has an aging population compared with other Asian countries. Population and Development (02), 75-80. [3] Wu Cangping, Wang Lin, Miao Ruifeng. (2004). The process, prospect and countermeasures of population aging with Chinese characteristics. The Population Study (01), 8-15. [4] Du Yang & Feng Yonggang. (2021). The impact of the rapid aging of the population on economic growth. Economic Research (02), 71-88. [5] Tong Yufen. (2014). Characteristics and challenges of China's labor supply in the process of population aging. Population study (02), 52-60. [6] Zheng Gongcheng. (2021). The construction of social security system with Chinese characteristics in 2035-Based on goal-oriented theoretical thinking and policy suggestions. Social Security Review (01), 3-23. [7] Hu Angang, Liu Shenglong & Ma Zhenguo. (2012). Population aging, opulation growth and economic growth-Empirical evidence from inter-provincial panel data in China. Population study (03), 14-26. [8] Du Peng. (2023). Chinese population aging status and the development of social security system. The Social Security Review (02), 31-47. [9] Zhang Yungang. (2005). Population aging and China's endowment insurance system reform. Journal of Sichuan Normal University (Social Science Edition) (02), 18-23. [10] Li Changchang. (2018). The comparative advantages, constraint factors and promotion strategies of the community home medical care service model. Ningxia Social Science (06), 161-167.