China’s population and economy have simultaneously come to a"new normal"in the 2010s,which would bring about profound and far-reaching impacts on China's development by determining the path,pattern and pace of economic development.Demographic dynamics are not only the major determinant of consumer market,but also influence,as endogenous factors in economic growth,the demand and supply of production elements market,and finally determine the economic long-term equilibrium of demand and supply.Thus,the demographic new normal is both a major determinant and a basic condition of the economic performance under the new normal.This paper identifies the characteristics of the new normal population and analyzes the paths through which the population new normal influences the economic new normal,and discusses the potential economic consequences of the new normal population and their policy implications.
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