Chinese policymakers consider raising retirement age to address demographic challenges

China's policymakers are considering a plan to delay the country's retirement age, which is currently among the lowest in the world. The retirement age is currently 60 for men, which is about six years lower than in most developed economies. China's life expectancy has risen to 78 years by 2021, making reform urgent. The government has announced plans to gradually raise the retirement age to allow people to work longer, but the exact new age has not been confirmed. Some reports suggest it may be raised to 65 years old.