China plans to raise retirement age by year-end amid workforce crisis, decision triggers backlash

Beijing [China], September 13 (ANI): Chinese government on Friday passed a legislation announcing plan to increase the retirement age of employees in the country. The entire laid-out plan by the administration will be implemented during the tenure of 15 years, starting from January 2025, CNN reported.

Notably, the Chinese economy currently faces a severe crisis of shrinking workforce alongside its dipping economy and a pe