Confused policy: high unemployment rate VS delayed retirement/Large gap in pension fund Deficit

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Here’s a woman in Guangzhou sharing the scene of her family of four sitting together and scrolling through recruitment APPs looking for jobs. It was February 29, 2024. It reflects the soaring unemployment situation in China at the moment.
Against this background, the Chinese Communist Party (CCP) is ready to launch a policy of delaying retirement. What’s the rationale behind this? In this episode, we explore this topic.

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