Hey there! Big news from China 🇨🇳: On Tuesday, China's top legislative body reviewed a draft decision to gradually raise the statutory retirement age.
But before you worry about job opportunities, here's what Zheng Bingwen, director of the World Social Security Research Center at the Chinese Academy of Social Sciences, has to say: Delayed retirement won't affect employment rates! 🙌
Speaking at the 2024 Bund Summit in Shanghai, Zheng emphasized that economic development is the real driver of employment, not retirement age policies. \"What ultimately affects employment is economic development,\" he noted.
So, rest easy knowing that China's evolving policies aim to boost the economy and create more opportunities for everyone! 🌟
Reference(s):
Think tank: Delayed retirement will not affect employment in China
cgtn.com
