Millions of workers in China struggle to retire due to economic insecurity [Video]

• Millions of elderly migrants in China face economic challenges as they age and transition from rural to urban settings.
• The aging workforce in China poses a risk to productivity and living standards.
• Beijing has introduced private retirement schemes and is transferring funds to provinces with pension budget deficits which they cannot replenish due to high debts. 

After three decades selling homemade buns on the streets of the Chinese city of Xian, 67-year-old Hu Dexi would have liked to slow down.

Instead, Hu and his older wife have moved to the edge of Beijing, where they wake at 4 a.m. every day to cook their packed lunch, then commute for more than an hour to a downtown shopping mall, where they each earn $552 monthly, working 13-hour shifts as cleaners.

The alternative for …