Lawmakers approved the draft proposal Friday, as the world’s second-largest economy struggles with falling birth rates and an aging workforce.
China said Friday it would raise its retirement age for the first time in decades, as the world’s second-largest economy struggles with falling birth rates and an aging workforce.
The country’s top legislative body approved a draft proposal to gradually implement the changes, state media reported Friday. China’s retirement ages are among the lowest in the world and had remained unchanged since they were set in the 1950s.
The statutory retirement age for both men and women will be gradually increased starting Jan. 1 of next year, according to the decision by the Standing Committee of the National People’s Congress. Over a period of 15 years, it will be raised from 60 to 63 for men, 55 to 58 for women in white-collar jobs and 50 to 55 for women working in factories.
tfw China raises their ret. age and it’s still lower than yours
Funny how no one mentions that . Just the usual reactionary bulshit,
It’s not reactionary to be against authoritarians though. Whether they are bougie capitalist or bougie leninists/maoists. There are countries that better take care of their retirees. And are not socially repressive authoritarian regimes. It’s genuinely great that China offers that to the people they don’t imprison for asking for their rights and speaking out against the state. But I’m not sure living in a comfortable open air prison would be everyone’s idea of an ideal retirement.
I’m going to save my praise for the countries that do both.
You are child like in your naivety