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The new policy will come into effect from January 1 next year.
China has decided to increase the retirement age of employees. China has taken this decision in view of the country’s decreasing population and the increasing age of employees. China is currently among the countries with the youngest employee economy in the world.
China’s new retirement policy will come into effect from January 1 next year. Under this policy, the retirement age for men will be increased from 60 years to 63 years. The retirement age of women doing office work will increase from 55 years to 58 years.
At the same time, the retirement age of women working in factories, construction or mining will be increased from 50 years to 55 years. This policy will be applicable for the next 15 years.

Most of the people in China have reached retirement age. Because of this, the pressure on China’s pension fund has increased.
China’s pension-receiving population crossed 300 million Life expectancy in China (living longer) has now become more than that in America. According to the World Bank report, life expectancy in China has reached 78 years. At the time of the Communist revolution in 1949, it was only 36 years. Life expectancy in America is 76 years.
The China Pension Development Report says that the retirement age should be at least 65 years. It should be the same for men and women.
According to a BBC report, the pension-receiving population in China has crossed 30 crores. Because of this, the government has to pay more pension. The government is thinking of giving this money to people in the form of salary, so that work can also be taken in return for it.
There are very few comfortable jobs in the country and retiring late means getting a delay in getting their pension; most people will not be able to spend their old age properly.

Population decreased for the second consecutive year in 2023 In 2023, China’s population decreased for the second consecutive time. Earlier in 2022, a record decline was recorded in China’s national birth rate. 9 million children were born in China in the year 2023, whereas in the year 2022, 9.5 million children were born there.
According to the National Bureau of Statistics, the birth rate in China was 6.67% in the year 2022, which decreased to 5.7% in the year 2023. This means that in China, where 6.67 children were born per thousand people in the year 2022, it decreased to 6.39 in 2023.
In the year 2022, the population of China was 1.4118 billion which decreased to 1.409 billion in the year 2023. That is, a total of 27 lakh 5 thousand people decreased in a year. People from 31 states are counted in the population of China. Hong Kong, Macau and Taiwan are not included in this.

China’s population is decreasing since 2016 The population rate in China has been declining since 2016. Since then, China started working at the local level to increase the number of children. People were also given money for this. Apart from social security benefits, housing and education discounts were also announced for them.
By the year 2021, China also removed its one child policy. Under which people were allowed to have only one child. China had announced that people can now have 3 children. However, it did not benefit much.
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