The world is a
demographic time bomb.
世界的人口是一个定时炸弹。
Most of the listeners are in the 25-39
demographic.
大多数听众都属于 25至39 岁这个年龄段。
"Through the introduction of this new child care benefit, we aim to provide financial support that will encourage our employees to start or grow their families without compromising on their professional goals and achievements," said Liang, who is also a demographic economist.
“通过推出这项新的儿童保育福利，我们旨在提供财政支持，鼓励员工在不影响职业目标和成就的情况下组建或发展家庭，”梁说，他也是一名人口经济学家。
With China expanding many programs to attract foreign investment, boost market confidence and reinforce its position in the global supply chain, multinational companies will have a greater incentive to relocate their innovation and production centers to China to be closer to consumers who are at the forefront of technology adoption, demographic changes and new purchasing behaviors, said Guo Xin, a marketing professor at Beijing Technology and Business University.
郭欣说，随着中国扩大许多项目以吸引外国投资、增强市场信心并巩固其在全球供应链中的地位，跨国公司将有更大的动力将其创新和生产中心迁至中国，以更接近处于技术采用、人口变化和新购买行为前沿的消费者，北京工商大学市场营销学教授。
Multinational companies will have a greater incentive to relocate their innovation and production operations to China to be closer to consumers who are at the forefront of technology adoption, demographic changes and new purchasing behaviors, she said.
她说，跨国公司将有更大的动力将其创新和生产业务转移到中国，以更接近处于技术采用、人口结构变化和新购买行为前沿的消费者。
The jewelry industry is increasingly trending toward a younger demographic, reflecting the market's changing preferences.
珠宝行业越来越趋向于年轻化，这反映了市场偏好的变化。
PGI is also working with industry peers to innovate partnership models and explore new development opportunities for the platinum industry, all aimed at supporting the trend toward a younger demographic and fostering a more dynamic market.
PGI还与行业同行合作，创新合作模式，探索白金行业的新发展机遇，所有这些都旨在支持年轻化的趋势，并培育一个更有活力的市场。
It is noteworthy that China boasts a rising demographic of young consumers, who are dynamic and brand-savvy, and they are looking for the best in every domain, such as bold design and outstanding acoustic quality, he added.
他补充道，值得注意的是，中国拥有越来越多的年轻消费者，他们充满活力，精通品牌，他们正在各个领域寻找最好的产品，比如大胆的设计和卓越的音质。
"Omdia said TikTok has gained in popularity among young consumers, a sought-after demographic by advertisers.
Omdia表示，TikTok在年轻消费者中越来越受欢迎，这是广告商追捧的人群。
Brands will have to engage with this fast-evolving demographic through innovative technology and retail," Cheng said.
品牌将不得不通过创新技术和零售来与快速发展的人口群体打交道，”程说。
This is partially driven for productivity reasons, but also because of the demographic trends in China.
这在一定程度上是由于生产力的原因，但也因为中国的人口趋势。
Demographic trends, changing consumer preferences and policy drivers at both China's national level and the European level are expected to see electricity consumption grow by more than 60 percent over the next two decades," he said.
"This can be done by having greater sensitivity on current events and cultural happenings that matter to Chinese consumers, promoting and supporting social and environmental causes, while remaining true to their brand image and relevant to their demographic," Ye said.
"For these leading technology and internet companies, they are expected to jump out of the battle for demographic dividends and actively seek new development, including boosting research and development capabilities.
Research by QuestMobile predicted the demographic will make up two-thirds of all online entertainment consumption in China by 2023.
Top Toy said the main consumer group for trendy toys are aged between 15 and 39, and China has a demographic of nearly 500 million people in this age bracket.
The biggest demographic worth paying attention to is millennials," Christianson said.
Bilibili has recently captured the attention of a broader audience beyond its traditional Generation Z demographic, when a 22-year-old content curator named "Hetongxue" posted a video of an interview with Apple CEO Tim Cook on a wide spectrum of topics.
Tan said the company has poured great efforts into the reform of its life insurance business, saying it is essential for the sustainable development of the business as demographic dividends of the country shrink.
Initially featuring Japanese anime, comics and games, the 11-year-old streaming site is a good barometer of trends among China's younger demographic, which now watches TV dramas, learns foreign languages and picks up cooking techniques via the platform.
Research by QuestMobile predicted the demographic will make up two-thirds of all online entertainment consumption by 2023.
Data from the Chinese National Central Cancer Registry showed that in 2019, 304,000 cases of breast cancer were diagnosed in the country, and the affected population trended significantly towards a younger age demographic.
Because TikTok's users are mostly adolescents, the platform would help Walmart appeal to a new and younger demographic, while also supporting customer engagement and loyalty, according to Oliver Chen, a senior equity research analyst at Cowen and Co.
The health sector has continued to grow, and that is because of policymakers' focus on making healthcare more broadly accessible in China, so I do believe that this will be a resilient sector, not only because of expansion but also because of the demographic change in the Chinese population.
When I think in the long term, even both short and long term, ultimately the demographic changes and the expansion of healthcare and continued urbanization in China will create the need for more healthcare.
"This is not the first time the brand has expressed its intention to tap into the spending power of the younger demographic.
US demographic data as of 2018 shows that California is now home to a Chinese population of more than 1.8 million, of which 200,000 live in the San Francisco Bay Area.
"The demographic dividends are wearing off, which is another factor driving the slowing growth," Liu said.
"The popularity of smartphones worldwide and the rising demographic dividends of emerging internet sectors in high-population regions such as Brazil, India and Southeast Asia will offer unprecedented business chances," the report noted.
"As China's demographic dividend is disappearing gradually, increasing number of Chinese firms are seeking opportunities in the global markets, especially the emerging markets with huge growth potential," said Duan Wei, founder and chief executive officer of Mobvista, a leading Chinese mobile marketing platform.
We need to understand the economic, societal and even demographic changes shaping the landscape of Chinese consumers," Taylor said.
Harman will continue to make tailored products for this demographic, he added.
This demographic typically looks for quality yet reasonably priced daily necessities, from home fragrances to sonic control toothbrushes, Zhang told a news conference in Hangzhou.
The new capital is supposed to be one of the solutions to ease the chronic congestion of Cairo, with a demographic burden of more than 20 million inhabitants.
"As China's demographic dividend is disappearing, game developers need to seek new forms of expansion," said Kern Zhang, head of new business at App Annie China.
Its new target countries mirror China's past, years or even decades ago, and count on their demographic dividends to emulate China's development miracle, Xu said.
China Daisy Group has been conducting extensive research to understand key client requirements to better accommodate this target demographic," said Anthony McQuade, managing director of Savills in North China.
Global markets driving revenue growth for most developersChina's booming mobile games sector is gaining traction in overseas markets, as game developers seek to make massive gains in markets with rising mobile internet usage and demographic advantages, according to a report released on Monday by App Annie.
"As China's demographic dividend is disappearing, game developers need to seek new forms of expansion," said Kern Zhang, head of new business at App Annie in China.
But from the demographic point of view, there has been a shift away from poverty, so it makes sense that we are seeing the rise of the middle and high-income people in China.
I don't think the (growth) engine is so much about certain cities or demographic groups, but the overall increased awareness and access to the brands that meet their demands," Henfrey said.
A Cheetah Global Lab report said it is an opportune time for Chinese mobile internet firms to expand their presence overseas, thanks to the support they can gain from the Belt and Road Initiative, the rising popularity of smartphones globally, and the demographic dividends of emerging internet sectors in high-population regions such as Brazil, India and Southeast Asia.
Tony Lombardo, CEO Asia at Lendlease, said, "The Qingpu project will cater to a fast-growing demographic sector, and require a combination of both local development and senior living management skills.
"Wang Xu, chief analyst at Gamma Data Corp, said as the demographic dividend is disappearing, game developers need to seek new ways to keep the momentum strong, and the IP rights-protected products will help cut the cost to attract users.
"The gaming market is gradually reaching saturation and China's demographic dividend is disappearing.
According to the report, it is an opportune time for Chinese mobile internet firms to expand their presence in overseas markets due to the support they can gain from the government's Belt and Road Initiative, rising popularity of smartphones globally, and the demographic dividends in Brazil, India and Southeast Asia.
In our sector, one of the biggest challenges we see is the ongoing demographic changes happening inside China.
China has seen new growth opportunities arising from its aging populace, and its latest decision to promote the "silver economy" will significantly address the needs of the graying demographic and inject new impetus into the economy, officials said on Monday.
Liu Ming, director of the NDRC's Department of Social Development, said silver economy-related economic activities offer products and services to seniors and have huge growth potential yet to be fully tapped, especially in fields meeting the growing demographic's diversified and personalized needs.
"Jiang further said she foresees a multitude of possibilities arising from the unique preferences and lifestyles of the younger demographic.
Li Qiang, vice-president of online recruitment portal Zhaopin, said the working population should be viewed both in terms of quantity and quality, and China still had demographic dividends that would turn into talent dividends in the future, as the working population becomes more knowledgeable due to increased schooling.
In the short term, its market vitality is insufficient, and the economy is facing downward pressure; in the medium and long terms, the weakening vitality impacted by demographic changes might restrict China's economic and social development potential.
In the medium to long term, reinvigorating China's demographic vitality is key to addressing future economic challenges.
The thirst for upgraded consumption and a confluence of socioeconomic developments — such as rising household incomes, shifting demographic trends and improved product-penetration rates — are facilitating the ascent of counties and county-level cities, said experts and executives.
Nevertheless, Cavender pointed out that the country faces significant demographic challenges, necessitating ongoing efforts to address issues related to local government and corporate debt management.
Ultimately, the property market may not climb back to its earlier size, given that housing demand should weaken over time for demographic and structural reasons.
Higher agricultural productivity would thus help release workers into the wider economy, easing the demographic headwinds from a shrinking working-age population.
But cyclical factors such as demographic factors should not be ignored.
In fact, China's economic slowdown began in 2011, which is almost at the same time when demographic concerns were first raised.
Peng Wensheng, chief economist and head of research at China International Capital Corp, said: "China's economy will rely more on technological innovations in the future as demographic dividends gradually decrease.
Doreen Wang, Kantar Greater China CEO and global chair of Kantar BrandZ, said Chinese brands have a unique demographic advantage as they can directly access the world's most attractive and dynamic consumer market, while enjoying expanded access to consumers abroad, thanks to the Belt and Road Initiative.
For example, the unemployment rate of the demographic once soared to 27 percent in April 2020 in the United States due to the pandemic, but has improved dramatically since then.
China's economic growth is driven by various factors, including exports and domestic demand, the demographic dividend and strong adaptability to global trade.
As the graduation season approaches, employment pressure on this young demographic will rise.
Consumers in this demographic often seek distinctive goods to express their individuality and tastes.
"We have a strong asset as the epicenter of growth, an economy that grows far above average global economic growth, demographic bonuses and sustained regional stability," Indonesian President Joko Widodo said on May 10 at the summit's opening session.
Meanwhile, thriving private consumption in China will also spur shifts in global supply chains, as there will be a greater incentive for foreign companies to move their manufacturing and production operations to China to be closer to the consumers who are at the forefront of technology adoption, demographic shifts and new purchasing behavior, they said.
"At the same time, he noted that India has a demographic advantage because it has a younger population, which offers a great opportunity for the nation.
People between 26 and 35 make up the demographic that most frequently purchases imports and foreign brands, accounting for nearly half of the total of all age groups, according to a report from the Consumption and Industry Development Research Institute of Chinese e-commerce platform JD.
The country's economic growth engine is experiencing a major shift from quantity-based demographic dividend and financial cycle to scientific and technological innovation, according to the China International Capital Corporation.
First, China still enjoys demographic dividends and scale advantages.
"The overall demand for new housing is actually in decline mainly because of the country's economic structural and demographic changes," Zhang said.
Looking ahead, Helbling said key structural reforms should be reaccelerated to lift potential growth, which is experiencing headwinds from demographic trends and slowing productivity growth.
The report suggested that further action is needed to increase funding for the completion of housing projects and promote market-based restructuring of the real estate sector, while key structural reforms should be accelerated to lift potential growth, which is experiencing headwinds from demographic trends and slowing productivity growth.
As China is expected to gradually overcome COVID-19 disruptions, the focus is shifting to how the nation will boost growth in a new year of its journey to build a modern socialist country in all respects, tackling growth challenges such as demographic changes, a real estate slowdown and a harsher external environment.
Looking ahead, Lin said more efforts should also be made to further develop the financial sector and effectively address the impact of demographic shifts.
Demographic trends like the aging population and shrinking labor force are adding downward pressure to China's neutral interest rate.
For a start, China's demographic dividend is now translating into a talent dividend.
Investment in African infrastructure is "a global public good in the context of the worldwide significance of Africa's demographic evolution and its necessary productive transformation", the Organization for Economic Cooperation and Development said in a report.
Seen from a demographic perspective, encouraging more urbanization is a tough nut to crack in the process of achieving modernization with Chinese characteristics.
Population mobility is very important to generate demographic dividends and offers opportunities for rural people to develop vocational skills but if such mobility slows, it will be more difficult for some to obtain better development opportunities.
First, China's diminishing demographic dividend has made cheap labor and extensive consumption things of the past.
Among a population of more than 1.4 billion in China, there are more than 400 million middle-income earners — a massive demographic indeed.
Aging may spur pension, wealth and fund products, and help optimize human capitalA demographic conundrum has been baffling economists in China of late.
The report, which was released during the ongoing second China International Consumer Products Expo, said young people aged between 26 and 35 are the major demographic eyeing imports and foreign brands, accounting for nearly half among all age groups.
Add to that factors like rising disposable incomes that stoke consumption upgrade, huge demographic segments of consumers, future growth prospects, economic resilience amid the COVID-19 pandemic and game-changing multilateral, regional and bilateral trade agreements, and it becomes easy to understand why MNCs are furiously developing China-specific strategies, experts said.
Undoubtedly, China's demographic dividend has been rapidly diminishing.
The former leads to the reduction of demographic dividends, while the latter leads to the reduction of capital dividends.
The reduction of demographic dividends and the reduction of capital dividends are related to each other and are mutually causal.
The recent move to include care expenses for children under the age of 3 as part of the special additional deductions for individual income tax is expected to reduce the financial burden on families, increase their consumption capacity, and is conducive to the long-term improvement of the nation's overall demographic structure, experts say.
"The decision to introduce tax breaks for families taking care of children under the age of 3 was made in light of overall demographic changes in China in recent years.
It will not only be conducive to balanced population growth in the long run and better tap into China's demographic potential, but will also help lay a solid foundation for accumulating human capital and promote high-quality development," said Li Xuhong, director of the Institute of Finance and Taxation Policy and Application at Beijing National Accounting Institute.
But issues deriving from disparities in regional economic development and demographic structure still exist.
"Peng Wensheng, chief economist and research head at the China International Capital Corp, said: "As demographic dividends gradually decrease, China's economy will rely more on technological innovations in the future.
It has increased demographic coverage and is improving.
Second is the nation's explosive demographic change.
On the one hand, internet platforms have promoted the accelerated development of the digital economy and digital governance, providing power for us from sharing the "demographic dividend" to sharing the "digital dividend" and then to sharing the "smart dividend".
Rising incomes still matter, but the primary feature of the next decade may very well be the impact of sweeping demographic and social change that is coinciding with the rapid march of technology.
Several challenges that China faces in the medium term include demographic headwinds, slowing productivity growth and a carbon-intensive production structure, the report mentioned.
"The increase of average life expectancy is expected to promote the increase of average years of schooling, and thus raise the overall quality of workforce in China, and the accumulation of human capital will help make up for the decline of demographic dividend," Fu said.
This consumer demographic regards themselves as pioneers in environmental protection, and are willing to pay a premium for brands upholding similar ideals.
"The country's demographic transition from an overwhelmingly rural population to a predominantly urban citizenry got pushed with unparalleled rapidity," the expert said.