POPULATION AGING IN CHINA: IMPLICATIONS FOR ECONOMIC GROWTH AND DEVELOPMENT

Abstract

As China's economy continues to rapidly develop, the issue of population aging has gained increasing prominence. Statistics reveal a continuous rise in the proportion of elderly individuals within the country's population, coupled with a gradual decline in the labor force. This demographic shift poses substantial challenges to China's pursuit of high-quality economic development. The consequences of population aging extend beyond the economic sphere, affecting areas such as social security and healthcare. Thus, a comprehensive analysis of how population aging influences China's economy is crucial for the formulation of effective strategies to address these challenges.