China currently has the largest population aging worldwide and one of the world's fastest aging speeds. In addition, China’s economy is transforming from high speed to low speed. This study examines the current literature on how demographic transitions to an older population affect labor markets, economic growth, public financing and growth of Artificial Intelligence. The analysis explores into several crucial areas, including the anticipated shrinkage of the labor force as the working-age population declines, the rising financial pressure of healthcare and pension systems, and the broader implications for productivity and economic dynamism. It also investigates how demographic shifts are impacting possibly transforming the development and adoption of artificial intelligence (AI) in China. This study attempts to provide an in-depth examination of the various economic implications of an aging population by combining and evaluating a diverse set of research findings. It outlines significant areas of worry and opportunity, giving a more detailed picture of how demographic shifts are transforming China's economic environment. Furthermore, the report provides policy suggestions to meet the issues brought by population aging and discusses future options.