Similar Stories to China's Retirement Crisis Is Here, And Beijing Will Be Forced To Keep Raising The Retirement Age, Demographer Says on Bing News

People 60 years and older are expected to make up nearly half of China's population by 2050, according to estimates from the United Nations.Cheng Xin/Getty ImagesChina has no choice but to keep raising the retirement age for workers, according to Yi Fuxian.The nation has a demographic crisis, which is straining the pension system, the researcher said.China could have 475 million people over the age of 60 by 2050, per UN estimates.China has a retirement crisis on its hands, and the nation will probably be forced to keep raising the retirement age for workers to stave off demographic imbalances, according to a demographer.Yi Fuxian, a researcher whose book on China's demographic problems was previously banned in the country, cast a dark outlook for the nation's demographic future, with its population aging and its workforce rapidly shrinking.