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An elderly lady washing vegetables inside a tulou in Fujian, China.
Elderly lady washing vegetables inside a tulou in Fujian, China.

Sheng Li/Reuters

  • China is grappling with a retirement crisis as its population ages.
  • According to OECD data, people over the age of 60 account for 13% of the country's workforce. 
  • China is anticipating another 300 million people to reach retirement age in the next 10 years.

China is going through a retirement crisis, with a significant portion of older people finding that they can't afford to stop working. 

Tags
economy, China, china-population, retirement-crisis, population-crisis, us-retirement, Workers, Pensions, social-security, government-benefits, aging-population, Workforce
Source
China is in the middle of its own retirement crisis as many older people cannot…