China is gearing up to make a significant shift that could reshape its workforce dynamics 🎯 Starting from 2025, the Chinese mainland plans to gradually raise the statutory retirement age over a 15-year period. This move aims to better utilize human resources and counter the decline in the working-age population.
But what's behind this decision? 🤔 Well, consider this: Back in 1949, the average life expectancy in China was just 35 years. Fast forward to 2023, and it's soared to 78.6 years! 🥳 That's a massive leap, showcasing improved living conditions and healthcare.
At the same time, education levels have skyrocketed 📚 The average years of education for new workers jumped from eight years in 1982 to 14 years in 2023. This means people are entering the workforce later, armed with more knowledge and skills.
So, here's the game plan: By 2040, the retirement age for men will increase from 60 to 63. For women cadres, it will go from 55 to 58, and for women blue-collar workers, from 50 to 55. This gradual change means more experienced hands stay active in the workforce longer, boosting productivity and sharing their wisdom 🧠✨
For young professionals and entrepreneurs, this could mean more mentorship opportunities and a chance to collaborate with seasoned experts. And for the economy, it's a win-win, leveraging the full potential of its human capital 💼💪
Stay tuned for how this shift shapes the future of work in China and what it might mean for global trends 🌏🙌
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Graphics: China raises retirement age to better utilize human resource
cgtn.com
