This is a China news story, published by CNBC, that relates primarily to Tianchen Xu news.
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chief China economistCNBC
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88% Informative
Plagued by shrinking birth rates and a rapidly aging population, tens of thousands of Chinese kindergartens have scaled back operations.
The Chinese government have intensified policy measures to bolster its "silver economy," a sector that provides goods and services for people over 50, in efforts to tackle the country's aging population.
The elderly population is "the next big market opportunity with high certainty", Tianchen Xu , economist at Economist Intelligence Unit said.
By 2040 , China aims to bring the retirement age for all men from 60 today to 63 .
The move was controversial and unpopular among younger people on Chinese social media.
China had a relatively lower retirement age compared to the global average.
By "tying seniors to the workforce longer," China hopes to increase tax revenue.
VR Score
92
Informative language
95
Neutral language
34
Article tone
semi-formal
Language
English
Language complexity
65
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
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