CHINA TO RAISE RETIREMENT AGE FROM 60 INSTIGATING PUBLIC RAGE

• China is making a hearty push to rise one of the world’s lowest retirement ages as it tries to come to terms with a rapidly aging population, a move that’s already instigating public rage and will put to an acrid test the Communist Party’s ability to implement reforms.

Why should there be a rise in the retirement age

According to Survey 2019, it was proposed that the retirement age should be increased by the government from the current 60 years. Even though the survey didn’t mention what the new threshold should be, it mentions the pensionable age reforms being undertaken in China, Germany, Australia, the United...