Hong Kong businesses operating in mainland China are adjusting to new legislation that gradually increases the retirement age, which could lead to higher manpower costs but also a more stable workforce. China’s top legislative body passed the law to extend the retirement age from 60 to 63 for male workers and from 55 to 58...
China Retirement Age Reform: Addressing an Aging Population China is making a strategic move by gradually raising the retirement age, a decision aimed at addressing the challenges posed by an aging population and evolving workforce demands. This China retirement age reform underscores the need for sustainable social security solutions as demographic shifts continue to impact the nation....