Reflections on the Development of China's Ageing-Related Industry in a Long-Lived,Ageing Society
As China enters a long-lived,ageing society,the demand structure is changing rapidly.In order to adapt to the new demand structure,the ageing-related industry is gradually developing.Vigorously developing the industry can bring huge potential dividends for economic development,such as providing a large number of job opportunities,broad investment space,a large amount of fiscal revenue,and alleviating the oscillations caused by economic cycles.China boasts unparalleled favorable conditions for developing the industry:a large elderly population provides a solid foundation for demand;abundant labour resources provides good production conditions;and a time-honored traditional culture provides strong support,etc.Still,there are unfavorable factors,such as inadequate understanding of the essence and significant dividends of the industry,an incomplete policy system,and an urgent need to improve the effective demand.In this regard,it is necessary to accelerate the introduction of medium and long-term development plans for the industry,unleash the consumption potential of middle-aged and older people,improve policies,and implement major plans for the industry.
ageing societylong-lived societydividendmedium-and long-term plan
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