China Cautiously Begins to Raise its Retirement Age
Worker shortages, pension fund insolvency the result of social engineering
Jiangsu, the wealthy province just north of Shanghai with a population of more than 84 million, will become China’s first to allow workers to postpone retirement - another indication of the country’s problems dealing with the social engineering that has distorted its demographics. If successful, the plan is to be rolled out across China at varying rates…