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China’s demographic pains - Labour unwanted
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To counter the drag of an ageing population on growth, Beijing is planning to gradually raise the legal retirement age.

Alongside other structural and regulatory reforms, these efforts could easily bring more than 200 million workers into the labour force (find a fuller discussion here and here). However, age discrimination in China’s labour market is hampering these efforts by reducing labour market efficiency. This could damage the economy and the government’s ambition to become a global technology power.

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