中國經濟

China’s laid-off workers pose daunting welfare challenge

Every day Xu Yongan sets up a table outside his fading apartment, where he and other retired steel workers, ringed by half-empty bottles of beer, play endless rounds of the ancient Chinese game of mah-jong.

Two years ago, when he learnt his employer was looking to scale down, Mr Xu accepted an early retirement package worth Rmb4,000 ($600) a month for 35 years.

“Why continue working when you are guaranteed a monthly income?” the 55-year-old asks.

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