Key insights
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1
Migration Patterns Impacting Labor Market: The migration from rural to urban areas in China is altering the labor market, with an increasing demand for skilled workers in cities while rural areas face labor shortages.
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2
Aging Population Straining Economic Resources: China's aging population is putting pressure on its economic resources, as more funds are needed for healthcare and pensions, affecting economic growth potential.
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3
Government Policies to Address Demographic Challenges: The Chinese government is implementing policies to manage these demographic changes, including incentives for families to have more children and initiatives to balance regional development.