Ageing and economic growth of China

2025

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AI-generated summary

1) China's rapidly aging population is projected to significantly slow its economic growth, impacting GDP per capita and shifting sectoral contributions.
2) This paper estimates the causal effect of population aging on China's provincial GDP per capita growth using an instrumental variable approach. It finds that a 10% increase in the old-age ratio decreases GDP per capita by 7.2%. The study also examines the divergent impacts on the services and construction sectors.
3) The research provides quantitative estimates of the economic consequences of China's demographic shift and discusses potential policy responses and implications for Australia.

Tags: China, demographics, economic growth, ageing population, GDP per capita

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