China Raising Retirement Age May Be Unpopular but It's Much Needed, Analysts Say
The Chinese government is planning to raise the retirement age, a move that is likely to be unpopular but is necessary to address the country's aging population.
The current retirement age in China is 55 for women and 60 for men. However, the government has proposed raising the retirement age to 65 for both men and women by 2035.
This move is likely to be unpopular with many Chinese workers, who are already facing long working hours and low wages.
However, analysts say that raising the retirement age is necessary to address the country's aging population.
China's population is aging rapidly, and the number of people over the age of 65 is expected to reach 200 million by 2035.
This is putting a strain on the country's pension system, which is already struggling to keep up with the increasing number of retirees.
Raising the retirement age will help to reduce the strain on the pension system and ensure that there are enough workers to support the country's aging population.
Raising the retirement age is a complex issue, but it is one that China must address in order to ensure its future economic growth.
The government will need to carefully consider the impact of raising the retirement age on workers and retirees.
It will also need to develop policies to support workers who are unable to work until the new retirement age.
Despite the challenges, raising the retirement age is a necessary step for China to take in order to address its aging population and ensure its future economic growth.
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