When the statutory retirement ages were introduced, the life expectancy in China was in the 40s.
Chinese netizens have voiced anxiety over the government's recent announcement that it plans to introduce new retirement ages.Starting in 2025, China will gradually raise the ages of statutory retirement for the first time since they were established in the 1950s, with the change being phased in over 15 years, Beijing announced on Friday. The world's second most-populous country faces a fast-graying workforce and one of the world's lowest birth rates.
'The Chinese Foreign Ministry did not immediately respond to a written request for comment.Though the new statutory retirement ages are higher than before, they are still lower than those in many other major economies. In the U.K., the retirement age is 66. In the U.S. and Germany, it is 66 or 67, depending on the retiree's date of birth.At the end of 2023, China had 297 million people over the age of 60, according to government statistics.
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