China Set To Raise Retirement Age For The First Time In Decades

China will raise the retirement age for the first time since 1978, a move likely to slow a decline in the labor force but anger workers already wrestling with a slowing economy. The country’s top lawmakers endorsed a plan to gradually delay retirement for employees, Xinhua news agency reported Friday. Men’s retirement age will increase from 60 to 63, while women’s will rise from 50 and 55 to 55 and 58, according to the report.

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