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2025-03-05 | All chapters

China’s Incremental Raise of the Statutory Retirement Age: Implications for Business and Economic Development

In a decision that has captured both domestic and international attention, China’s Standing Committee of the National People’s Congress (NPC) has approved a policy to gradually increase the statutory retirement age. Aimed at addressing China’s aging population, shrinking workforce, and economic sustainability, the policy carries significant implications for China’s business community, labor markets, and broader economic development.

According to Shanghai International Services, the retirement age in China is generally 60 years old for men, 55 for female office workers, and 50 for female blue-collar workers. The reform which will go into effect in January 2025 will incrementally increase the age until men and women both retire at 65.

Please view the full article from D'Andrea & Partners here for an analysis of China’s demographic and economic Context, the implications for the business community, and its potential impact on the broader economic. 

Source: D'Andrea & Partners