China to Raise Retirement Age Amid Economic Concerns and Aging Population

The move, starting in 2025, aims to address underfunded pensions but faces widespread worker dissatisfaction and potential caregiving challenges.

China will gradually increase the retirement age for men from 60 to 63 and for women in white-collar jobs from 55 to 58, starting January 1, 2025.
The changes aim to address the country's underfunded pension system and rapidly aging population.
Workers express significant dissatisfaction with the new policy, citing concerns over financial security and job market instability.
The policy could exacerbate caregiving challenges, potentially leading to fewer births and worsening China's demographic crisis.
Experts warn that the move may harm the ruling Communist Party's legitimacy if worker discontent continues to grow.