Managing Demographic Transition and Economic Growth

China is facing the challenge of a shrinking population and rapid aging, which will lead to a super age status by the 2030s. Despite this, experts believe that China can manage this transition well and maintain economic growth. Contrary to common belief, a smaller workforce does not necessarily mean reduced output. Studies show that countries like South Korea, Japan, and China are expected to experience substantial economic growth despite aging populations. In fact, concerns in the U.S. and Europe revolve around not having enough work for aging populations. Technological advancements might offset labor shortages, potentially leading countries like Japan to reach an optimal balance between workforce size and output, avoiding societal collapse.