Aging population in China leads to lower household consumption rates.
The age of people in China affects how much they spend. More kids and elderly people mean less spending. Social security doesn't change spending much. People's spending habits stay the same over time. Higher income and interest rates make people spend more. But inflation and city living make them spend less. To boost spending, focus on kids' and elderly people's needs, improve job options for the elderly, and change how people think about spending.