People in China are angry over raising the retirement age.
BEIJING: The ruling Chinese Communist Party’s plan to raise the retirement age of the working population to cope with the rapidly ageing population has created ripples of resentment among the public.
According to the present structure, the retirement age for male workers in urban areas is 60 years while that for female workers is 50 or 55 depending on their occupation.
The recently concluded third plenum of the Communist Party of China (CPC) has unveiled comprehensive reforms to advance the modernisation of the economy — plagued by a deepening demographic crisis, sluggish growth and mounting local government debt.
The powerful body also discussed plans to raise the country’s retirement age in a “voluntary and flexible” manner.
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