​China Raises Retirement Age For First Time Since 1978, Sparking Social Fury – Tyler Durden

China Raises Retirement Age For First Time Since 1978, Sparking Social Fury A few weeks ago, we warned that the entire Chinese experiment was on the verge of collapse because while on one hand the welfare state was crumbling due to Beijing’s stubborn insistence not to stimulate the economy at any cost (normally, it would be admirable to be so stubbornly insistent  on austerity but when austerity threatens social collapse, it may be time to reassess), this was accentuated by an explosion in social unrest as youth unemployment soared, and worker strikes surged across the nation. While we detailed the…  — Continue at ZeroHedge News : Read More