At the 2024 Bund Summit in Shanghai, China's top legislative body reviewed a draft decision to gradually raise the statutory retirement age. 🏛️
Zheng Bingwen, director of the World Social Security Research Center at the Chinese Academy of Social Sciences, emphasized that delaying the retirement age will not negatively impact the employment rate. According to Zheng, \"what ultimately affects employment is economic development.\" 📈
This move aims to align retirement policies with the country's evolving economic landscape, ensuring that job opportunities remain robust as the population ages. With a focus on sustained economic growth, experts believe that employment rates will continue to flourish despite the changes in retirement regulations. 🌟
