Abstract
Currently, China is experiencing the early phase of population aging. Therefore, opportunities, such as ‘demographic profit’ and ‘demographic dividend’, provided by the ‘post golden age’ of age-structure transformation should be seized in order to prepare for ‘demographic deficit’ and ‘demographic debt’ that might emerge in the later phase of population aging. Meanwhile, we should encourage more consumption from the elderly and accelerate the establishment of the social security system and its rules, while transforming the pattern of economic development from investment and foreign trade-oriented to consumption-led; analysing the dual impact of population aging on savings, investment, human capital and technological progress by drawing on both positive and negative examples from other countries, making full use of advantages and avoiding disadvantages; tapping the human resource potential of the elderly; and giving full play to the positive effect of population aging in breaking out of the ‘middle-income trap’.
This part is organized by Zhang Kaiti, former director of China Research Centre on Aging, research fellow, deputy secretary of the CPC Committee of the department directly under the China Working Committee Office on Aging and vice president of China Senior care industry Association. He has led a number of state key research projects, including ‘A Sample Survey on the Living Conditions of the Elderly in Urban and Rural China’, ‘Follow-up Survey on the Living Conditions of the Elderly in Urban and Rural China’, etc. His main publications include Research on Solutions to China’s Population Aging (Zhang Kaiti et al.), Research on Social Participation and Mental Stage of the Elderly in Urban and Rural China (compiled by Zhang Kaiti and Guo Ping), The Elderly in the United States (compiled by Zhang Kaiti), etc. Guo Ping and Li Jing are responsible for the compilation of this part. Authors of this part include: Guo Ping, Li Jing, Sun Lujun, Ma Fengli, Miao Wensheng, Wang Haitao, Wu Xiaolan, Zhang Qiuxia, Wei Yanyan, Wang Lili, Qu Jiayao, Yang Xiaoqi and Luo Xiaohui, all research fellows from China Research Centre on Aging.
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Notes
- 1.
See: Ministry of Human Resources and Social Security: ‘Analysis on the Demand and Supply of Urban Public Employment Service Market in the First Quarter of 2012’, retrieved June 10, 2015 from http://www.mohrss.gov.cn.
- 2.
Statistics shown in the 2000 and 2010 survey are statistics from those years, while statistics in the 2006 survey are from 2005.
- 3.
Source: Statistical Bulletin of the Development of Human Resources and Social Security Cause 2010.
- 4.
Source: China Statistical Yearbook 2013, p. 101.
- 5.
Source: Statistical Bulletin of the Development of China’s Aging Cause 2010.
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Zhang, K. et al. (2017). Population Aging and Economic Growth. In: Tian, X. (eds) China’s Population Aging and the Risk of ‘Middle-income Trap’ . Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-10-4941-5_2
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