The government’s efforts to raise it face stiff opposition
Is the government actually trying to raise it or is this editorializing on the Economists part? I don't have an account so I can't read the full article.
AT ABOUT 54, the average age of retirement in China is among the lowest in the world. This is a problem. Since standards were set, life expectancy has soared while the number of working adults—those whose labour, in effect, supports retirees—has begun to shrink. But persuading people that they should work longer is proving hard. In 2008 the government said it was mulling the idea of raising retirement ages, but backed away amid a public outcry. Now it feels it can wait no longer.
The pressure to act is evident. Current retirement ages were set in the 1950s, when the average person was expected to die before reaching that stage. For most men in China the age is 60, much lower than the average of 64.2 in the OECD, a club mostly of rich countries. For female civil servants the age is 55; for blue-collar women it is 50.
Can't even be bothered to throw in some stats or ANYTHING about the economic state that would necessitate this, just some platitudes about how it's "too young" with no analysis, pseudo intellectual or otherwise, at all
ed. Just FYI to anyone reading this, you can bypass a lot of paywalls by just disabling JavaScript using uBlock Origin, then refreshing the page. Works for a LOT of news sites, but you do of course lose any java based items on the page.
For who? Why are they feigning concern for the solvency of China's pensions? They're just afraid it contradicts policies in the West to strip away as many years from our retirement as they can get away with.
Is the government actually trying to raise it or is this editorializing on the Economists part? I don't have an account so I can't read the full article.
Entire article text (yes it really is this short)
AT ABOUT 54, the average age of retirement in China is among the lowest in the world. This is a problem. Since standards were set, life expectancy has soared while the number of working adults—those whose labour, in effect, supports retirees—has begun to shrink. But persuading people that they should work longer is proving hard. In 2008 the government said it was mulling the idea of raising retirement ages, but backed away amid a public outcry. Now it feels it can wait no longer.
The pressure to act is evident. Current retirement ages were set in the 1950s, when the average person was expected to die before reaching that stage. For most men in China the age is 60, much lower than the average of 64.2 in the OECD, a club mostly of rich countries. For female civil servants the age is 55; for blue-collar women it is 50.
Wow, that's some really hard hitting journalism there bud.
Can't even be bothered to throw in some stats or ANYTHING about the economic state that would necessitate this, just some platitudes about how it's "too young" with no analysis, pseudo intellectual or otherwise, at all
ed. Just FYI to anyone reading this, you can bypass a lot of paywalls by just disabling JavaScript using uBlock Origin, then refreshing the page. Works for a LOT of news sites, but you do of course lose any java based items on the page.
For who? Why are they feigning concern for the solvency of China's pensions? They're just afraid it contradicts policies in the West to strip away as many years from our retirement as they can get away with.