Analysis of China’s Current Situation of Population Aging and Its Impact on the Economy

Shiyuan Xu ()
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Shiyuan Xu: Capital University of Economics and Business

A chapter in Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023), 2023, pp 169-179 from Springer

Abstract: Abstract With the development of Chinese society, the current situation of China’s aging population is more and more serious, which attracts people’s attention. China’s aging acceleration is manifested by the large size of the elderly population, the proportion of the total population is getting higher and higher, the growth rate is accelerating year by year, and the elderly dependency ratio is increasing, the total fertility rate is low, the average life expectancy is long and other phenomena, which seriously affects the sustainable development and progress of the Chinese economy. Aging not only restricts the development of labor force, causes the shortage of labor resources, reduces labor productivity, but also affects the change of social and economic structure, adjusting industrial structure especially the pension industry. The increase of pension demand has also caused a great burden for government expenditure and social service, which restricts the development of our economy. This paper analyzes the influence of aging on the economy from the current situation and characteristics of the population aging.

Keywords: population aging; current situation; characteristic; economic impact (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-224-8_23

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DOI: 10.2991/978-94-6463-224-8_23

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