At 54, China’s average retirement age is too low
www.economist.com
The government’s efforts to raise it face stiff opposition

This is why US establishment has so much fear and loathing towards China.

Imagine if Americans say, “Whoa, whoa! Wait a minute! The Chinese retire at 54?”

“What’s going on here in the capitalist paradise where 70-year-olds are forced to work at Walmart?”

  • meth_dragon [none/use name]@hexbear.netEnglish
    6·
    1 year ago

    re: poverty alleviation

    a lot of it is still happening out in the boonies but it’s been slow going since local governments are still trying to pick the low hanging fruit and de-povertize ie their extended family members to satisfy quotas because actually alleviating poverty is extremely difficult. a lot of the stay-behinds don’t trust the government to not just take their land after they leave (for good reason) and housing/facilities for people willing to move are expensive. add to it that these areas were poor to begin with (obviously) and have fewer job opportunities and lower ability to attract investment and it becomes a negative feedback loop that requires a shitload of money to break. they’ve been doing decent work out there and there are a lot of policies in place to attract capital, but like with all things it’s been a real mixed bag.