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China Approves Plan for First Hike to Retirement Age Since 1978

  • China's legislature approves raising the retirement age starting January 1, gradually increasing it to 63 for men and 55-58 for women over 15 years.
  • The minimum working period for monthly pensions will also extend from 15 to 20 years beginning in 2030.
  • The policy addresses a shrinking workforce and pension shortfall concerns, as noted by the Associated Press and Chinese state media.
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  • 41% of the sources lean Left
41% Left
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