Lawmakers approved the draft proposal Friday, as the world’s second-largest economy struggles with falling birth rates and an aging workforce.
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 country’s top legislative body approved a draft proposal to gradually implement the changes, state media reported Friday. China’s retirement ages are among the lowest in the world and had remained unchanged since they were set in the 1950s.
The statutory retirement age for both men and women will be gradually increased starting Jan. 1 of next year, according to the decision by the Standing Committee of the National People’s Congress. Over a period of 15 years, it will be raised from 60 to 63 for men, 55 to 58 for women in white-collar jobs and 50 to 55 for women working in factories.
Hey I’m not the one calling names and failing to address what was said. Perhaps you should look in the mirror. But please do explain how I’m being naive and childish by seeing what leninist governments have done. How Russia massacred the ethnic polish. How China through abject incompetence and hubris killed tens of millions of their own. Ethnically cleansing/genocidiing uighers. Creating a brutal police state that undermines any of the good they accomplished. How they are as bad as capitalist countries on most meaningful measures. And worse on several too.
I’ll say it again. It’s great China is allowing those that don’t question the party to retire at that age for now. They should afford it to all their citizens as a guarantee. Regardless of their stance on the brutal insecure party. And not have it slide as their economy slides.
Power corrupts. Absolute power corrupts absolutely whether you’re a capitalists or a Leninist. Wake up.