Research On The Impact Of China’s Population Structure Change On The Development Of Pension Health Industry

With the aging of population becoming more and more formidable,the national strategy of “ Health China ” has been carried out.Under the circumstances,Chinese government announces supply-side structural reform in the pension industry,which will enhance the “Health China” strategy and the structural transformation of the economy as well.However,China’s old-age health industry has just started,and there are still many problems in the development of the old-age health industry.Developed countries such as the United States,Germany,Japan,support the pension industry,improve laws and regulations,establish a specialized medical care team,and develop a diversified pension industry.It is worthwhile to explore the successful experience of the smart pension industry and the promotion of the pension industry through financial and commercial insurance.China needs to draw on and absorb the successful experiences of developed countries in the development of old-age health industry according to their national conditions and development needs.The change in the structure of China’s aging population,that is,the change in the old-age dependency ratio,has led to changes in the final consumption rate.Based on the SCP theory,this paper conducts a comprehensive analysis of the pension health industry from market structure,market behavior and market performance.It is believed that the market access threshold for China’s pension industry is low,the competitiveness between enterprises is scarce,and there are certain technical barriers.Through research and analysis of the profitability of listed companies in 12 pension health fields from 2008 to 2017,using the ROE indicator,comparing it with the average return on net assets of listed companies,we found that China’s current pension industry There is still a certain gap between the development and the overall average level of the industry.There is still a certain distance from the development of China’s old-age health industry.According to the measurement of final consumption rate and related indicators,under the current population change in China,the old-age dependency ratio will affect China’s population structure,and the increase in the elderly dependency ratio has a positive impact on the final consumption rate.This means that China’s aging population has a positive effect on the overall consumption of the economy.The number of elderly populations with explosive index growth has provided a large demand for the development of China’s old-age health industry.Moreover,with the rapid development of the Chinese economy,the consumption power of the elderly population has gradually increased.After the SCP analysis theory of the pension industry and the quantitative analysis between the final consumption rate and the elderly population dependency ratio,based on the current social situation in China,this paper proposes to learn from the successful experience of developed countries and improve the laws and regulations related to the pension industry.Accelerate the cultivation of a talented team of specialized pension health industry,through the reform of the financial and insurance industries,innovate the pension model,improve the business awareness of the elderly,and promote the development of the pension industry.