Chinese Farmers Hit Hardest by New Retirement Scheme, Experts Say

Published on October 16, 2024

The Chinese regime’s decision to raise China’s minimum retirement age will impact over 400 million people, according to data from its National Bureau of Statistics. This will leave older Chinese with fewer years to enjoy their pensions and more years to contribute. That would put over 200 million Chinese elderly farmers in a tougher corner. Unlike urban workers, whose pension plan began in 1978, farmers weren’t eligible until 2009. Analysts said the Chinese Communist Party (CCP) passed its pension plan failure on to the general public, especially farmers, who sacrificed the most under its rule. The latest policy change would likely bring more stress to a society already strained by the disparity between rich and poor and the current economic slowdown, analysts said....

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