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Currently, Chinaâs retirement age is 60 for men, 55 for female white-collar workers and 50 for female blue-collar employees. âThe current policy was formulated about 60 years ago when average life expectancy was relatively low. After so many years, life expectancy has increased,â said Yin.
Based on United Nations and Chinese government statistics, it was estimated in 1987 that by the year 2000 the population 60 years and older (the retirement age is 60 in urban areas) would number 127 million, or 10.1% of the total population; the projection for 2025 was 234 million elderly, or 16.4%.