Part 7/9:
Government Measures: A Controversial Response
In light of this impending crisis, the Chinese government has raised the retirement age by up to five years, a measure aimed at alleviating the U.S.-like disparities in pension contributions and retiree populations. However, this decision has been met with significant public dissatisfaction. Many question whether this adjustment will truly mitigate the broader issues of an underfunded pension system or merely delay a necessary reform.