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Forum => Kenya Discussion => Topic started by: Nefertiti on September 14, 2024, 12:39:16 PM

Title: China announces sharp rise in retirement age
Post by: Nefertiti on September 14, 2024, 12:39:16 PM
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The change, which will take place over 15 years starting in January, will raise the retirement age for men from the current 60 to 63. The threshold for female office workers’ will be raised from 55 to 58, while female blue-collar workers, who could previously retire aged 50, will now have to wait until 55.

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Life expectancy in China has risen to 78 as of 2023, up from about 44 in 1960. It is projected to exceed 80 by 2050.

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Official statistics show the number of working-age people (between 16 and 59) in the country decreased by 40 million in just over a decade, to 879 million in 2020.

https://www.rt.com/news/603995-china-retirement-age-rise/
Title: Re: China announces sharp rise in retirement age
Post by: Nefertiti on September 14, 2024, 01:02:55 PM
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.
Title: Re: China announces sharp rise in retirement age
Post by: gout on September 14, 2024, 01:52:15 PM
Isn't the retirement age raise a poverty indicator given the slavish labour practices? Economic dysfunction? Immigrants want better savings and retirement options.
 
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.
Title: Re: China announces sharp rise in retirement age
Post by: Nefertiti on September 14, 2024, 03:37:32 PM
Africans are dying to flood there led by Nigerians. But China prefers ASEAN migrants Indonesians, Filipinos and Burmese.

Isn't the retirement age raise a poverty indicator given the slavish labour practices? Economic dysfunction? Immigrants want better savings and retirement options.
 
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.
Title: Re: China announces sharp rise in retirement age
Post by: gout on September 14, 2024, 04:30:17 PM
I have never heard Chinese visa complaints. Mwafrika is west phallic except for cheap Chinese goods.

Africans are dying to flood there led by Nigerians. But China prefers ASEAN migrants Indonesians, Filipinos and Burmese.

Isn't the retirement age raise a poverty indicator given the slavish labour practices? Economic dysfunction? Immigrants want better savings and retirement options.
 
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.
Title: Re: China announces sharp rise in retirement age
Post by: Nefertiti on September 15, 2024, 01:15:32 PM
Because there is no trend due to tough immigration controls. But there is Naijatown in Guangzhou - akin to Chinatown here in the Bay Area. Traders move there to buy stuff and outlive visa. They will have to open up now due to aging problem - but they will allow Filipinos and Burmese first - they believe Africans are lazy and backward.

Kenyans and Nigerians even flock to SA for menial jobs despite violent xenophobia there 👀 At 15k gdp per capita - 6X Kenya - people will move in a heartbeat. All it takes is for the Party to decide this is the solution and allow it.

I have never heard Chinese visa complaints. Mwafrika is west phallic except for cheap Chinese goods.

Africans are dying to flood there led by Nigerians. But China prefers ASEAN migrants Indonesians, Filipinos and Burmese.

Isn't the retirement age raise a poverty indicator given the slavish labour practices? Economic dysfunction? Immigrants want better savings and retirement options.
 
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.
Title: Re: China announces sharp rise in retirement age
Post by: KenyanPlato on September 15, 2024, 01:33:43 PM
I think they will turn the taps on mass immigration soon. Already there is a boom of expat agencies - servicing the national Thousand Talents and various provincial initiatives such as Hainan Free Trade Zone. Seems they will devolve the rules to local socioeconomic needs.

They won't
Title: Re: China announces sharp rise in retirement age
Post by: Kadudu on September 16, 2024, 09:42:51 AM
Of course they wont.

China will go the Japanese way and deflation will be the order of the day. They will prefer this to importing workers from other countries.

They won't
Title: Re: China announces sharp rise in retirement age
Post by: RV Heavy Hitter! on September 16, 2024, 01:16:33 PM
Kenyans may need to try what Ghanaians, Congolese, and Nigerians are doing. Sell land, contact Nigerian smugglers, and in 20–40 days they will be at the US–Mexico border and finally to Sab Diego. A man who fixes cars in my neighborhood bragged about how Nigerians ran sophisticated routes to smuggle him. According to him, if you have 5,000 dollars, you will arrive quicker in like 7-10 days, but if you have nothing, it may take 40-90 days because you will have to work along the way and trek the Amazon and Columbia routes to recoup smuggling dough. The man can barely speak English, but since he is a great mechanic, he is already making more money than regular people due to the high demand for his skills!
Title: Re: China announces sharp rise in retirement age
Post by: Nefertiti on September 16, 2024, 02:46:08 PM
Xi and his CPC cabal are very pragmatic. They may have ideological or racial hangovers but unlike the Japanese they do not have an electorate to consult. Japan's problem is that the people themselves are so insular and xenophobic - even  half-caste citizen faces discrimination. It dissuades the government from opening up taps. Now the population is collapsing rapidly. And economically overtaken by Germany.

China seems able to take tough calls - like One-Child policy was very unpopular especially in 80s. Or order everyone to buy EV cars. Or crack down on billionaires. Provided they have the data and get convinced they will act in the national interest. This is do or die item - I don't see how they can throw away years of hard work over racial purity.

I could be wrong of course. But we shall see soon enough.

Of course they wont.

China will go the Japanese way and deflation will be the order of the day. They will prefer this to importing workers from other countries.

They won't