China considers raising retirement age to address aging crisis.

China is planning to gradually raise its retirement age to address the challenges posed by its rapidly aging population. The retirement age will be delayed initially by a few months and then increased. The reform will allow people to choose when to retire according to their circumstances and conditions. China's National Health Commission expects the number of people aged 60 and over to rise from 280 million to more than 400 million by 2035. The current pension system, which relies on a shrinking active workforce to pay the pensions of a growing number of retirees, is unsustainable and needs to be reformed.