China is raising its retirement age, now among the lowest in world's major economies

In an effort to address its shrinking population and aging work force, over 15 years, China will raise the retirement age for men to 63, and for women to 55 or 58 years depending on their jobs.

China is raising its retirement age, now among the lowest in world's major economies
Motorists drive during the morning rush hour in Beijing on Friday.

In an effort to address its shrinking population and aging work force, over 15 years, China will raise the retirement age for men to 63, and for women to 55 or 58 years depending on their jobs.

(Image credit: Andy Wong)