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China is facing significant demographic changes due to internal migration and an aging population, which pose challenges to its economic growth and societal structure.
Key Insights:
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.
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.
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.
