China's top legislature has approved a proposal to raise the country's retirement age, the official Xinhua news agency reported Friday, speeding up a...
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China's top legislature has approved a proposal to raise the country's retirement age, the official Xinhua news agency reported Friday, speeding up a decades-old overhaul of the law to address economic pressures from a shrinking workforce. China's current retirement age is among the lowest globally. Reform is urgent because life expectancy in China has risen to 78 years in 2021 from about 44 years in 1960 and is projected to exceed 80 years by 2050. At the same time, the working population needed to support the elderly is shrinking. The retirement age for men will be raised to 63 from 60, while for white-collar women it will be raised to 58 from 55. For blue-collar women it will be adjusted to 55 from 50. The changes will come into effect on January 1, 2025. Keeping people working longer would ease the pressure on pension budgets, as many Chinese provinces are already struggling with large deficits. But delaying pension payments and requiring older workers to work longer may not be acceptable to all. After Xinhua reported that China’s top lawmakers discussed the topic on September 10, hundreds of thousands of people took to social media to express their opinions, with many …
China's top legislature has approved a proposal to raise the country's retirement age, the official Xinhua news agency reported Friday, speeding up a...
China is set to raise its retirement age from January 2025 in response to a looming demographic crisis. The new rules will incrementally increase the...
China is set to raise its retirement age from January 2025 in response to a looming demographic crisis. The new rules will incrementally increase the...
China retirement age - among the youngest among major economies - will be raised from 2025, increasing to 63 for men and 58 for women.
China retirement age - among the youngest among major economies - will be raised from 2025, increasing to 63 for men and 58 for women.
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world's major economies, in an effort to...
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world's major economies, in an effort to...
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to...
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to...
China announced Friday that it will raise its retirement age for the first time in decades, as the world’s second-largest economy grapples with...