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

Shaoxing NO.1 High School, Shaoxing, China

^* Corresponding author: zachywang@163.com

Abstract

This research delves into the intricate ways in which China’s aging population shapes its economic trajectory, offering a comprehensive analysis of the underlying mechanisms and potential solutions. It highlights how demographic shifts influence key economic drivers such as labor availability, consumer demand patterns, industrial transformation, and the sustainability of social welfare systems. By examining these interconnected factors, the study underscores the far-reaching implications of an aging society on economic vitality. Furthermore, it outlines strategic policy recommendations to address these challenges, providing a roadmap for mitigating the potential risks and harnessing opportunities in this evolving demographic landscape. 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.