Extend demographic dividend

According to the National Bureau of Statistics, the number of people aged 60 and above reached 249 million in China in 2018, about 18 percent of its total population. Moreover, China's new labor force in cities has been decreasing since 2012, with a total reduction of more than 26 million people.

It seems to be a consensus among social circles that China's demographic dividend is gradually disappearing. Can China, based on its current economic development and demographic structure, take measures to extend its demographic dividend and turn the "demographic burden" into a demographic advantage?

In an economic sense, demographic dividend refers to a country's ability to enjoy various benefits in investment, consumption and other aspects brought about by a relatively high proportion of the young and middle-aged labor force in its development process. There is no doubt that such kind of demographic dividend has been one of the biggest contributors to China's long-term economic development.