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China to raise retirement age for first time since 1978 (www.ft.com)

submitted 3 days ago by [email protected] to c/[email protected]

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Beijing battles demographic crisis and pressure on pension system by keeping population in workforce for longer

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[–] [email protected] 24 points 3 days ago (1 children)

Explain the mechanism by which the pension funds get funneled to the Chinese bourgeoisie in the PRC. Capitalists never touch public money in China, hence they are not financed by the PRC.

[–] [email protected] 13 points 3 days ago (1 children)

Ah, I see what you're saying now I think, so it would still be benefiting the capitalists (expanding the labor pool does that) but, in terms of direct finances, it doesn't really intersect with them.

[–] [email protected] 10 points 3 days ago

Yeah, I was being very specific but I can see where the confusion came from. Thanks.