More Chinese workers are dropping out of the labour force as the population reaching retirement age of 60 increases dramatically. Read on.
China’s economic growth is expected to accelerate this year due to the end of coronavirus restrictions and a sharp drop in infections.
China’s retirement age has remained unchanged for more than four decades at 60 for men and 55 for female white-collar workers, even as life-expectancy has risen. China experienced a baby-boom during the 1960s, meaning a large cohort of workers will fall out of the 16-59 age group over the course of this decade.
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