At the heart of this looming crisis is China’s pension system, which was originally designed to support retirees but now struggles under the weight of demographic and economic changes. The system, ...
China’s pension system, known as the Old-age Insurance System, covers pensions, illness coverage, work injury benefits, and maternity support. It has two pillars: a basic pension system and ...
China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay ...
China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it.
With the expansion of its personal pension program in December, China is trying to encourage savers to increase their thus-far paltry contributions and put more of their money into investments ...
(Bloomberg) -- Never miss an episode. Follow The Big Take Asia podcast today. China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new ...