Retirement age is not really the issue at all. This is about union busting and "putting people in their place." It's about in whose interests will society be run.
The market is presently stitched together with buyer-assistance programs, a veritable dog's breakfast of giveaways, all designed with one purpose in mind.
China is reeling from overinvestment, underconsumption, and razor-thin profit margins. That's a tough mix in the best of times; and these aren't the best of times.