China Population News: The population of old people is increasing in China. To deal with this, China is going to change the retirement age. The retirement age for men in China is 60 years.
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China Aging Population News:neighboring country of india China On the one hand it is struggling with the decreasing population and on the other hand it is troubled by the aging population. To deal with this, AAP China is making a new plan. The Global Times cited a senior expert at China’s Ministry of Human Resources as saying that the dragon may gradually raise the retirement age to cope with the rapidly growing population.
Jin Weigang, president of the Chinese Academy of Labor and Social Security Sciences, has told that China is looking at adopting progressive, flexible and different ways to increase the retirement age. The Global Times, citing Weigang, wrote in its report , “People nearing retirement age in China may still have to provide more services. The government is considering increasing the retirement age.
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The effect of ‘old population’ on the work force
Actually the birth rate is decreasing in China and the number of old people is increasing. This is directly affecting the work force, because if China starts giving retirement at the age of 60, then there will be less people to work with it. In such a situation, he is increasing the retirement age so that there is no shortage in the work force.
Jin Weigang has said that when China reforms the retirement age, the most important feature will be to give people the freedom to choose when they want to retire. He can decide to take retirement according to his circumstances. Although China has not yet made any formal announcement of this change.
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Record decline in birth rate after 1961
Let us tell you that the national birth rate of the country has been recorded at the lowest level of 6.77 births per 1000 people last year. For the first time after the year 1961, such a decline was recorded in the birth rate. China’s strict one-child policy results in decline of 1.4 billion from 1980 to 2015
Significantly, the retirement age in China is 60 years for men, 55 years for women and 50 years for women working in factories.
