Biweekly Symposium No. 546: Macroeconomics and Regional Economics from a Demographic Perspective
Lecturer: YI Fuxian
Host: SHENG Hong, Director of Unirule Institute of Economics
Commentators: MU Guangzong, LI Jianxin, ZHANG Zhanxin
Professor YI Fuxian presented at this session the issue of population. He compared the fertility rate of the US, Europe, South Korea, and Japan, and its correlation with economic growth. He concluded that the population and proportion of the elderlies are positively correlated to economic growth. He said that the centre of the economy of a country is constrained by its population. And the centre moves from areas of low fertility rate to that of high fertility rate. The international data supported this hypothesis, and China’s economic centre has moved westward over the years. Provinces such as Guangdong, Shandong, Shanghai, Jiangsu, and Zhejiang have all peaked and taken a downturn since 2006. Whereas, provinces such as Hunan, Hubei, Jiangxi, Anhui, Sichuan, and Chongqing has hit the bottom in 2006 and begun recovery ever since.