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China to Gradually Raise Retirement Age Amid Public Backlash

The new policy, starting in 2025, aims to address economic pressures from an aging population and a shrinking workforce.

  • China will increase the retirement age from 60 to 63 for men and from 50-55 to 55-58 for women, with the changes phased in over 15 years.
  • The policy has sparked significant public criticism, particularly among younger generations who feel burdened by the extended work period.
  • China's pension system is under strain due to a rapidly aging population and one of the world's lowest birth rates, necessitating urgent reforms.
  • The new retirement age policy aims to ease pressure on pension funds but is seen as unfair, especially given the disparity between public and corporate sector pensions.
  • Chinese social media has been flooded with concerns about the long-term implications of the reforms, with many fearing increased job competition and inadequate social safety nets.
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