Comment on China Set to Raise Retirement Age for the First Time in Decades

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 and support the economy. The country’s top lawmakers endorsed a plan to gradually delay retirement, the official Xinhua news agency reported Friday. Over the next 15 years, China will increase men’s retirement age to 63 from 60 and women’s up to 58, according to the report.

 

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