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September 15, 2024
China's Retirement Shock: Work Longer or Pay the Price!
China has adopted a major reform to raise the legal retirement age.
Starting in 2025, the retirement age for men will increase from 60 to 63 years.
For women executives, it will rise from 55 to 58 years.
Women working in industry will have to wait until 55 years, up from 50.
The changes will be implemented gradually over 15 years.
China currently has nearly 300 million people in their sixties (21.1% of the population).
Could reach 400 million by 2035…
In July, nearly 17% of young Chinese people aged 16 to 24 were unemployed.
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