• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

China extends license age limit for truck, bus drivers as population ages

by December 27, 2024
written by December 27, 2024

BEIJING (Reuters) – China will extend licence age limits for drivers of medium-sized and large buses as well as trucks, as part of broader efforts to address the challenges posed by an aging population, falling birth rate and a shrinking labour pool.

Keeping older transportation workers on the payroll will be key to helping maintain stability across China’s vast transportation system in the medium-term as the sector plans to adopt more autonomous vehicles.

Just over a decade ago, the capital Beijing allowed male bus drivers to retire five years earlier – at the age of 55 – for health reasons, as it was concerned about operational safety.

China has since reversed course due to its declining work force.

From next year, the maximum age that a person can apply for a licence to drive and operate a medium-sized or large buses, as well as trucks will be raised to 63 from 60, the Public Security Ministry said in a statement on Friday.

Drivers over 63 can also apply for a licence extension of up to three years, provided they pass medical exams and tests on memory, situational judgment and reaction time.

Earlier this year, China’s top legislative body passed a proposal to raise the national retirement age in a historic move.

Men will retire at 63 instead of 60, while women in white collar work will retire at 58 instead of 55. For women in blue collar work, the retirement age will be increased to 55 from 50.

China’s retirement age is currently among the lowest globally.

The changes, due to take effect on Jan. 1 and be implemented over a 15 year period, will bring China more in line with regional peers such as Japan and South Korea, which are also grappling with falling fertility rates and aging workers.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Osamu Suzuki, who led Japanese automaker into India, dies at 94
next post
Japan’s SMFG expects more than $7.65 billion net profit in FY 2025

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • Thai Finance Minister says still wants higher inflation target after rate cut
    • Companies bolster currency hedges after Trump win as tariffs loom

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy