Research On Fiscal And Tax Policies To Promote The Development Of Wellness Industry From The Perspective Of Population Aging

According to the results of the seventh national census,the proportion of the elderly population aged 60 and above in China has reached 18.7%.China is facing a severe test of population aging.Since2010,the Party Central Committee,the State Council and various departments of the central government have launched a series of policies and measures for the wellness industry from various angles.These policies cover elderly services,wellness tourism,wellness talents,Chinese medicine wellness,green wellness,intelligent wellness and other aspects.The development of the wellness industry not only meets the needs of China’s aging population,but also becomes a new growth point for China’s economic development.The wellness industry has gradually become a sunrise industry favored by local governments and market investment institutions.However,the development of China’s wellness industry is still in its initial stage,and the industry lacks corresponding financial and taxation policies to support its development.Therefore,it is necessary to improve the fiscal and taxation policies that match with the wellness industry to promote the development of wellness industry.Based on the above considerations,this paper firstly composes the relevant theoretical basis and summarizes the connotation and characteristics of the wellness industry from the perspective of population aging.The financial policies related to the wellness industry are reviewed from four aspects: direct financial investment,government purchase of services,financial subsidies and social security,and the tax preferential policies of the wellness industry are reviewed from two perspectives:direct support and indirect support.Secondly,this paper constructs an index system from five dimensions: the level of elderly services,the level of medical services,the level of pharmaceutical manufacturing development,the level of wellness tourism development and the level of wellness insurance development,and uses the principal component analysis to determine the index weights,and comprehensively measures the development level of China’s wellness industry from 2015 to 2021.The impact of fiscal policy on the development of wellness industry in China was also analyzed by using the panel data regression method.Finally,by compiling and analyzing the advanced experiences of Panzhihua City in Sichuan Province,Qinhuangdao City in Hebei Province,German forest wellness and Singapore’s combined medical and health care model and the related fiscal policies introduced by them,fiscal policy suggestions for promoting the development of China’s wellness industry are put forward.