China Announces Plan to Gradually Raise Retirement Age

Reform aims to address aging population and strained pension system, but faces public backlash and skepticism

Current retirement age is 60 for men, 50-55 for women, among the lowest globally.
New policy emphasizes voluntariness and flexibility, with potential final age set at 65.
China's life expectancy has risen to 78 years, while birth rates continue to decline.
Many young Chinese are concerned about job market impacts and delayed pensions.
Social media reactions highlight fears of increased unemployment and economic strain.