China will gradually raise its statutory retirement age over the next five years to address its aging population and strained pension system.

The country's life expectancy has risen to 78 years, yet the retirement age remains low—60 for men, 55 for women in white-collar jobs, and 50 for working-class women.

The plan, part of resolutions from the recent Communist Party Third Plenum, aims to be flexible and voluntary.

Although specific details have not been revealed, a report suggests a final retirement age of 65.

The move responds to a dwindling pension budget, predicted to run out by 2035, and a declining birth rate.

Public reaction on social media is mixed, with conce s about job availability for the younger generation and delayed pension access.
(colombotimes.lk)