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"By improving the labor force participation rate, expanding educational avenues and employment opportunities, we can fully make use of the potential of the workforce," he said.
"Central banks can act quickly to help ease the tightening of financial conditions by injecting liquidity and cutting interest rates, thus preventing a possible credit crunch," said Tobias Adrian, an official at the International Monetary Fund. "In fact, markets have been anticipating aggressive easing by central banks, as reflected in the sharp fall in sovereign bond yields in many countries around the world.
"But now there are increasing numbers of retired people over age 60 due to the aging population, possibly bringing shortages in the labor force," he said.
"China has become a leader for global online charity efforts," he said.
"China also needs to accumulate more technologies and practical solutions to produce batteries for electric vehicles in a cheaper way and handle old batteries in a sustainable way," he said.
