The impact of the aging population on the consumption level in China

This article examines the specifics of population the aging in China from 2010 to 2020, the causes and solutions.In the 21st century, the average life expectancy of the global population has become longer and longer with the development of medical care and the economy, which has led to serious problems of population aging. Examples include stagnant productivity and declining productivity. Against this background, China, as a country with manufacturing as its main industry, has naturally been greatly affected. This paper analyzes the relationship between population aging and consumption level in China during the period of 2010-2020 as a way to explore the impact of population aging on China's economy.The whole country is divided into three regions, which are Eastern China, Central China and Western China to ensure the accuracy of the data.The different between urban area and rural area are also studied. The data is analyzed by using Stata, and the results show that population the aging in China has a positive impact on the total consumption, with the western and central parts of the country leading to a more obvious impact.To cope with the challenges of the aging population requires not only demographic policies, such as reducing birth restrictions and postponing retirement, but also social and economic planning.