China's retirement age reforms not enough to fix pension headache
reuters (24.09.2024) China's move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making further reforms urgent, say economists and demographers.
Aging populations are a global phenomenon, but the issue is particularly stark in China due to the legacy of its one-child-policy, which was in place for three decades and has exacerbated its demographic challenges.
Regions / Country
china
Global challenges
Topics
Pensions
Document Type
Status