China Announces Gradual Increase in Retirement Age

China has approved a plan to raise its statutory retirement age for the first time since the 1950s, addressing the challenges of its aging population. Starting on January 1, 2025, the retirement age will increase gradually. Men, who could previously retire at 60, will see their age rise incrementally to 63 by 2040. For women in white-collar jobs, the retirement age will increase from 55 to 58. Women in blue-collar jobs, previously able to retire at 50, will now work until 55. Although necessary, the changes have been met with resistance from the public.