Chinese Leaders Mulling Retirement Age Rise, Vice Minister Says
What’s new:
Chinese leaders are studying a detailed plan to raise the retirement age in response to an aging population, You Jun, a vice minister of human resources and social security,
said (link in Chinese) at a Friday press conference in Beijing.
At the end of 2019,
18.1% of China’s population (link in Chinese), or about 250 million people, were aged 60 or above, official data show. The number of “people of advanced age” is expected to exceed 300 million during the next five-year plan that will run through 2025, You said.
The number of people of working age in China — that is, those between 16 and 59 years old — has shrunk by an average of 3 million every year since 2012 and is expected to further decrease by 35 million during the next five years, You said.