Abstract
This article discusses the relationship between the ageing population and economic as well as policy contexts. A more specific issue is the various impacts of aged population on the economy. By using the AD-AS model for a theoretical study and a regression model for empirical analysis, the paper evaluate the impact of population ageing from a unique perspective. The results demonstrate that in theory population ageing will decrease China’s real GDP, whereas there is a clear trend that ageing population will benefit the tertiary sector by increasing demand, and thus improving the employment there. Thus, the next five years will see a significant transformation of China's industrial structure. Our findings provide ideas for future research on this issue.
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