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China piles extra work on weary youth to ease pension crisis

China piles extra work on weary youth to ease pension crisis

Voice of America
Wednesday, September 18, 2024 07:06:31 AM UTC

People rest at a park in Fuyang in eastern China's Anhui province on Sept. 13, 2024. China said on Sept. 13 it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.

China's decision to raise the retirement age will give a brief boost to its strained pension system but risks further discouraging weary young workers and cannot arrest long-term demographic decline, experts say.

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