Sustainability vital for China’s pension funds
China is home to more than 220 million people over the age of 60 in China, or 16.1 percent of the population, and the numbers are growing. As the population ages, the country faces the challenge of building a more sustainable pension system.
Since late 2016, China has invested an initial 360 billion yuan (about 52 billion US dollars) of pension insurance funds from seven provincial-level regions in financial markets.
As the financial lifeline for China’s elderly, the flow of that investment has aroused concern among the public. Some observers say that if authorities don’t take forceful measures to increase returns, they will face critical risks in operating pension insurance funds.
Full Content: ECNS
