Another article on the subject:
"The Civil Aviation Administration of China (CAAC) plans to raise the mandatory retirement age for pilots from the current 60 as part of a strategy to ease the shortage faced by Chinese airlines. The agency has yet to arrive at a decision on the exact age, but it plans to implement the change in two or three years."
"Despite the looming crisis, Liu said airlines have not canceled or delayed flights due to the shortage."
China To Raise Mandatory Retirement Age for Pilots | Air Transport News: Aviation International News