170310-14-人口老龄化aging population-陈杰.pptxVIP

AGING POPULATION;Definition ;01;;;;;;Beyond social impacts, population aging affects economic performance, and it does not bode well for China’s international competitiveness. It leads to a drop in the proportion of the productive labor force, which in turn raises the average wage level, making China less competitive in labor-intensive industries. In years past, China was able to rely on almost unlimited low-cost labor in achieving its double-digit economic growth. However, if China is approaching its Lewis turning point, a point at which China would move from a vast supply of low-cost workers