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China issues guidelines to ramp up green transition of economic, social development

China

China

China

China issues guidelines to ramp up green transition of economic, social development

2024-08-11 21:35 Last Updated At:08-12 18:57

The Communist Party of China Central Committee and the State Council on Sunday unveiled a set of guidelines to ramp up green transition in all areas of economic and social development.

According to the guidelines, the main objectives are that by 2030, the country will achieve "remarkable results" in the green transition in all areas of economic and social development; and by 2035, a green, low-carbon, and circular development economic system will be basically established and the goal of Beautiful China will be basically achieved.

The guidelines have raised a raft of work tasks such as optimizing the development and protection of territorial space, promoting the green and low-carbon transition in industrial structure and the energy sector, as well as promoting green transition in the transport sector and urban-rural development.

The guidelines also put forward quantitative work goals for different fields. By 2030, the scale of the energy conservation and environmental protection industry in the country will reach about 15 trillion yuan (about 2.1 trillion U.S. dollars), the proportion of non-fossil energy will increase to about 25 percent of energy consumption, and the installed capacity of pumped storage hydropower will exceed 120 million kilowatts.

By 2030, the carbon emission intensity of commercial transport per unit of turnover will drop by about 9.5 percent compared with 2020, and the annual utilization of bulk solid waste will reach about 4.5 billion tons, with the output rate of main resources to increase by about 45 percent compared with 2020, according to the guidelines.

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

China issues guidelines to ramp up green transition of economic, social development

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China announces interim measures for introducing flexible retirement system

2025-01-02 10:35 Last Updated At:11:07

China on Wednesday announced interim measures for the implementation of a flexible retirement system, in a move to enforce the previously adopted policy of incrementally raising the statutory retirement age.

The measures stipulated the procedures for applying for flexible retirement and the requirements for receiving basic pensions, among other details.

Under the new policy, individuals will be allowed to retire up to three years earlier than the new statutory retirement age once they have met the minimum pension contribution requirements. But it is not allowed to retire earlier than the previous statutory age.

Individuals will be able to postpone retirement to an even later date if they reach an agreement with their employers, though this delay must not exceed three years.

Experts say the new retirement system offers flexible options for workers with different situations.

"The flexible retirement policy takes into full consideration the needs of different groups, allowing workers to flexibly choose their own retirement time and to better balance life and work. The lower-aged elderly who have willingness, capabilities, and conditions, could continue to engage in social production and service roles to realize their personal value," said Li Chang'an, researcher with the Academy of China Open Economy Studies under the University of International Business and Economics.

Chinese lawmakers voted in last September to adopt a decision on gradually raising the statutory retirement age in the country, marking the first adjustment in the arrangement since the 1950s.

According to the decision adopted at the 11th session of the Standing Committee of the 14th National People's Congress, the statutory retirement age for men will be gradually raised from 60 to 63 in the course of 15 years starting 2025, while that for women cadres and women blue-collar workers will be raised from 55 to 58 and from 50 to 55, respectively.

Starting 2030, the minimum year of basic pension contributions required to receive monthly benefits will be gradually raised from 15 years to 20 years at the pace of an increase of six months annually.

China announces interim measures for introducing flexible retirement system

China announces interim measures for introducing flexible retirement system

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