China’s statutory retirement ages are low. Raising them, as the Five-Year Plan proposes, would make the pension system more affordable but it wouldn’t make an appreciable difference to the ongoing decline in the size of the workforce. Most older workers keep working beyond retirement age anyway. Indeed, employment among older people is higher in China than in much of the world.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services