China's First Retirement Age Adjustment Since the 1950s
China's Retirement Age Increase
Raising the statutory retirement age in China is set to commence on January 1, 2025, marking a pivotal moment in the nation's approach to its aging population.
Details of the Policy Change
- This adjustment represents the first change since the 1950s.
- It aims to strengthen the social support systems for seniors.
- The decision was made following a vote by Chinese lawmakers, reflecting a proactive approach to demographic challenges.
As the population ages, the government is taking steps to ensure that the workforce remains productive and the economy stable.
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