You said raising the retirement age in a gradual manner is a major decision made upon China’s overall economic and social development, which will improve the use of China’s human resources, enhance the sustainability of the social insurance system and ensure basic living of the people.
Currently, in China, the retirement age for men is 60, while for women it is 55 for white-collar workers and 50 for blue-collar employees.
With great social and economic progress taking place in China, the retirement age, which was set in the 1950s, is relatively low, according to You, who cited longer average life expectancy as well as changes in demographic structure and the supply and demand of labor.
Publication Date: 26 February 2021
Publication Site: China Daily