Free Trial

MNI BRIEF: China Considers Lifting Retirement Age: Official

Sumathi Vaidyanathan
BEIJING (MNI)

China is considering lifting the retirement age as the current threshold doesn't match life expectancy and wastes human resources, said Chang Youjun, a vice minister at the Ministry of Human Resources and Social Security.

China is facing a shrinking labour force and a fast-greying population with the over 60s now accounting for about 18% of the overall population, according to official data. Meantime, the birth rate fell 15% y/y in 2020.

The current retirement age, set in the 1950s, is 60 for men and 50-55 for women based on their occupation while the average life expectancy has risen to 77 years from 57 in 1957.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
True
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.