China to raise retirement age to challenge aging population problem

BEIJING, China: China will raise its retirement age in 2024 to address the challenges posed by its aging population and shrinking workforce.

The current retirement age, one of the youngest among major economies, will gradually increase over the next 15 years. The change aims to relieve the financial pressure on the country's pension system.

Under the new policy, men will retire at 63, while women will re