“…Many studies examine the relationship between population aging and economic performance using China as an object of investigation. The subjects of investigation include the age structure and international trade (Fukumoto & Kinugasa, 2017; Gudmundsson & Zoega, 2014), population aging, household savings, and the current account (İmrohoroğlu & Zhao, 2020; Zhu, 2011), population aging and public pension provisions (van Dullemen et al, 2017), aging and economic growth (Park & Shin, 2012), and household expenditures (van Dullemen et al, 2017). As the demographic changes in China are distinctive in terms of scale, scope, and speed, examining their effects on economic activities is still subject to open debate.…”