First mooted in 2013, the idea of raising the retirement age has taken a decisive step forward with the final decision of the Third Plenum of the 20th Central Committee of the Chinese Communist Party, held in Beijing in mid-July. “The reform to gradually increase the retirement age must be pursued in a cautious and methodical manner,” the text states. It specifies that the reform will be based on the principle of “flexibility and free consent”. Faced with the dual phenomenon of a...
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