The trend of declining #population cannot be reversed, but we can change people’s behavior and expectations, said Cai Fang, CF40 Advisor and Chief Expert of National Think Tank at Chinese Academy of Social Sciences. 1/4
To cope with population aging, we can improve income distribution to enhance the overall consumption pattern and expand consumption demand. Therefore, going forward, our major challenge is on the consumption side. 2/4
The goal of “common prosperity” and “domestic circulation” means that we need to turn the massive population into middle-income group, which creates a super large market. 3/4
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