Young Chinese are angry at their government. Painful reforms are coming.

Discontent among young Chinese has erupted after a report from a major Communist Party meeting mentioned the need to raise the retirement age. Now I am at China The retirement age for women engaged in manual labor is 50, for women engaged in mental labor is 55, and for all men is 60These are among the lowest figures among developed economies.

According to estimates by the Center for Strategic and International Studies, China’s elderly dependency ratio could rise from the current 21% to as high as 52% by 2050, and as high as 83% by 2100.In contrast, in the United States, this indicator is expected to increase to 39% in 2050 and 55% in 2100.

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Experts think Raising retirement age could slow decline in China’s worker population and reduce the pressure on the pension system. Wang Tao, chief economist for China at UBS, highlighted the inequalities in the current system. – Some people receive very high pensions, while 70% receive very low benefits or even no benefits at all – he explained on the Financial Times website.

Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, stressed that The current low retirement age was set when life expectancy was much lowerfew people receive higher education. At present, the average life expectancy of Chinese people is approaching 80 years old, and more than 60% of young people receive higher education.

The proposal to raise the retirement age has been sharply criticized by China’s younger generation. Faced with an economic slowdown and a real estate crisis, they worry about their career prospectsThere are rumors on social media that the retirement age will be raised to 65 for those born after 1990.

Some members of the middle generation have also expressed dissatisfaction. Gong, a 51-year-old engineer from Beijing, believes that “the current group of retirees has excessively benefited from the country’s development dividends,” enjoying the fruits of early retirement and China’s rapid economic growth.