China may raise retirement age gradually to cope with the country's rapidly aging population, the Global Times reported citing a senior expert from China's Ministry of Human Resources. Jin Weigang, president of the Chinese Academy of Labor and Social Security Sciences, said China was eyeing a "progressive, flexible and differentiated path to raising the retirement age", the report claimed. He just walks away"People nearing retirement age will only have to delay retirement for several months," the Global Times said, citing Jin Weigang. Read more: China an ‘epoch-defining challenge’ to security: Rishi SunakThe retirement age in China is among the lowest in the world- at 60 for men, 55 for white-collar women and 50 for women who work in factories- Reuters reported. China's 1.4 billion has been witnessing a decline as a result of the stringent one-child policy that limited couples to one child from 1980 to 2015.

Source: Hindustan Times March 14, 2023 06:34 UTC