Translation Tag: social mobility
Chinese economist Yin Yanlin argues that while population decline and aging are inevitable, impacts on economic growth can be minimized. Reviewing strategies adopted by other aging nations, Yin recommends Beijing slow population decline and reduce its impact through financial incentives for childbirth, extension of the retirement age, improvements to elderly care services, and immigration reforms to attract high-skilled foreign talent.
A prominent scholar at the Chinese Academy of Social Sciences argues that addressing barriers to social mobility is key to curbing rising income inequality in China and avoiding the middle income trap. He promotes hukou reform as a potential remedy, advocating for a change in “the method where the supply of public goods treat[s] people differently based on household registration status.”