Convincing people to work longer, says Mr Du, will require better management of state pension schemes for a population largely sceptical about the fairness, reliability and flexibility of pensions.
This measure should only be applied together with reforms aimed at increasing the flexibility of the pension system's retirement rules.
He wants bigger tax cuts, less public spending, a ceiling on welfare costs, more labour flexibility, reform of pensions, greater decentralisation, and the sale of more state companies in the competitive sector.
Younger employees, in particular, increasingly value the freedom and flexibility of the "backpack" pension.
Putting people in control of their own retirement funding gives greater flexibility in making the best use of pension savings, but for many it will be a daunting task and one where they will need support and guidance.
"The whole point of pension freedoms was to give people flexibility and choice.
Other barriers to labor market flexibility exist, too: high minimum wages, confiscatory labor taxes, over-generous unemployment benefits, national social security entitlements, nonportability of pension rights and public subsidies to ailing industries.
The Treasury will also look at how pensioners and industry experts can remove other barriers that may be stopping people enjoying the benefits of increased flexibility over their pension pot.
Such preferences are reflected in the growing demand for childcare facilities and greater flexibility in pension arrangements.Success by associationWhat about the people who do not command any kind of premium in the marketplace?
