China’s top legislative body reviewed a draft decision on Tuesday to gradually raise the statutory retirement age in China.
According to Zheng Bingwen, director of the World Social Security Research Center at the Chinese Academy of Social Sciences, a delayed retirement age will not affect employment rates. “What ultimately affects employment is economic development,” he stated during the 2024 Bund Summit in Shanghai.
Zheng’s remarks come amid discussions on how altering the retirement age might influence China’s labor market. He emphasized that economic growth is the key driver of employment opportunities, suggesting that concerns over delayed retirement impacting job availability may be unfounded.
Reference(s):
Think tank: Delayed retirement will not affect employment in China
cgtn.com
