China is to raise its retirement age, currently among the lowest globally. But Chinese workers will still stop working years before workers in countries like the UK, U.S and Germany.
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00:00China is to raise its retirement age, currently among the lowest globally.
00:05Life expectancy in China rose from about 44 in 1960 to 78 in 2021, and could exceed 80
00:13by 2050.
00:14Men's retirement age will rise from 60 to 63.
00:19For women in white-collar work, it will rise from 55 to 58, and for women in blue-collar
00:24work from 50 to 55.
00:27Globally, most male and many female retirement ages are in the 60s and are creeping up as
00:32populations age, putting pressure on public finances.
00:36Australia and Spain have raised the age to 67, while in the UK and Ireland it's increasing
00:42to 68.