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China raises retirement age
CGTN Europe
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1 year ago
China is to raise its retirement age, currently among the lowest globally. But Chinese workers will still stop working years before workers in countries like the UK, U.S and Germany.
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00:00
China is to raise its retirement age, currently among the lowest globally.
00:05
Life expectancy in China rose from about 44 in 1960 to 78 in 2021, and could exceed 80
00:13
by 2050.
00:14
Men's retirement age will rise from 60 to 63.
00:19
For women in white-collar work, it will rise from 55 to 58, and for women in blue-collar
00:24
work from 50 to 55.
00:27
Globally, most male and many female retirement ages are in the 60s and are creeping up as
00:32
populations age, putting pressure on public finances.
00:36
Australia and Spain have raised the age to 67, while in the UK and Ireland it's increasing
00:42
to 68.
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