Widespread protests and no-confidence votes respond to move to force through legislation that increases the retirement age to 64 from 62.
The economic and investing impact on China should be small, the firm expects. Hopefully with no Tiananmen Square rerun.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
Macron’s controversial strategy to stabilize the retirement plans' finances threatens to paralyze the economy.