China lifts retirement age for the first time since 1950s

China lifts retirement age for the first time since 1950s

In a significant policy shift, China is set to “gradually raise” its retirement age for the first time since the 1950s. This decision comes as the nation grapples with an ageing population and a shrinking pension budget. On Friday, the nation’s leading legislative assembly sanctioned measures to increase the legal retirement age for women in…