- Mandatory retirement ages in China are among the world’s lowest, and experts say Beijing’s plans to revise the 70-year-old rules cannot come soon enough
- Demographic crisis is poised to result in a long-term decline in China’s rapidly ageing workforce, with the state pension fund at risk of drying up
- China’s working-age population, aged 16-64, is forecast to plunge by more than 60 per cent over the next eight decades, according to a report released by the United Nations in July.
- However, over the last decade, the average age of migrant workers in China has increased steadily, as fewer young people enter the workforce and older workers with no pension protection are forced to continue working.
- Of course, such willingness will only come if future parents are optimistic about the economic prospects both for them and their children. And that, unlike everything else in China, can not be faked which is why China is about to slip into the demographic spiral of doom. [ZERO HEDGE]
Facing Demographic Doom, China’s Army Of Retirees Returns To Work In Post “Zero-Covid” Economic Wasteland (SCMP) $ (Also Zero Hedge)
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