China plans to raise age of retirement

China will gradually raise its statutory retirement age over the coming years in a bid to combat the effects of an aging population.

Yin Weimin, minister of human resources and social security, told a news conference on Monday that the current retirement policy "seems to be out of date".

Currently, China's retirement age is 60 for men, 55 for female white-collar workers and 50 for female blue-collar employees.