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HONG KONG — 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 decision adopted on Friday specifies measures to refine the old-age insurance incentive mechanism, implement the employment-first strategy, ensure the basic rights and interests of workers who ...
Next year, China will raise its retirement age, currently one of the lowest among major global economies, as part of an effort to tackle its declining population and aging workforce. In 2024 ...
China will begin raising the retirement age for the first time in more than 70 years as the 1.4bn-strong country faces a shrinking and ageing population. China's legislature, known as the Standing ...
According to the decision, the retirement age for men will be postponed from 60 years old to 63, and women from the previous 50 or 55 — based on their job or occupation, to 55 and 58 respectively.
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Beijing (AFP) – China said Friday it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an ageing population. Hundreds of millions ...
Copyright 2024 The Associated Press. All Rights Reserved. China will raise its retirement age next year for workers in an effort to address its shrinking population ...
The retirement age will be raised for men to 63 years old from 60, while for women in white collar work it would be raised to 58 years from 55. For women in blue collar work it will be increased ...