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China Daily | Updated: 2015-11-27 07:52

A society with a larger population of young people breeds innovation and entrepreneurship, while it is less so for an aging society.

Liang Jianzhang, co-founder of Ctrip.com, and demographer with Peking University

What they say

An economy enters an 'efficiency-driven' phase once it becomes a middle-income economy. During this period the most critical issue is how to spur people to invest in their own human capital. Whether they are willing to learn, receive education and training, and whether they are willing to seek all opportunities to improve their conditions - these define a nation's long-term economic growth.

What they say

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