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Why is China raising its retirement age?

China has finally raised its retirement age, bringing it in line with neighbouring countries Japan and South Korea – here's what that means for the economy

by Robynne Tindall
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As China increases its retirement age for the first time in decades, Focus looks at the reasons driving the change – and what it means for businesses in China The Standing Committee of the National People’s Congress, China’s top legislative body, announced on 13 September 2024 that the country would gradually increase the retirement age for men from 60 to 63, for women in white-collar jobs from 55 to 58,…

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