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  According to the The South China Morning Post, China's decision to raise its retirement age is primarily driven by its rapidly aging population and shrinking workforce. Experts and academics have pointedout that the country's population of 1.4 billion is aging quickly, partly due to the one-child policy implemented from 1980 to 2015, causing a sharp decline in the number of working-age citizens. Further, according to the Economist Intelligence Unit, with 297 million citizens aged 60 and older as of 2023, and this number expected to surpass 400 million by 2035, the country's pension system is under significant stress. According to the Bloomberg Intelligence, the current retirement age in China is one of the lowest in the world, set at 60 for men, 55 for white-coller women and 50 for blue-collar women.  However, with life expectancy raising from 44 years  in 1960 to 78 years in 2021, and projected to exceed 80 by 2050, the government recognizes the need to adjust the reti...

 Around 33,000 Boeing workers in the United States walked out of the plant due to a dispute over a contract offer negotiated by their union, the International Association of Machinists and Aerospace Workers, according to the New York Times. The report said they were demanding 25% wage increase over three years, restoration of traditional pensions eliminated a decade ago, and more contributions to their retirement account. The report said the strike halted production of Boeing's best-selling airplanes, including the 737 Max, 777, and 767 cargo planes at factories in Washington, Oregon and  California.  The workers have legitimate  concerns about their compensation, considering they have gone 10 years without significant raises, labour analysts said. With inflation and rising costs of living, they are seeking to make up for lost time, according to independent analysts.  Negotiations between Boeing and the International Association of Machinists and Aerospace Worke...