[SHANGHAI] China's state pension fund surplus stood at more than 5 trillion yuan (S$987.23 billion) in the first half of 2019, a government official said as Beijing tries to allay fears that it will be unable to deal with the costs of a rapidly ageing population. Read more at The Business Times.
[SHANGHAI] China's state pension fund surplus stood at more than 5 trillion yuan in the first half of 2019, a government official said as Beijing tries to allay fears that it will be unable to deal with the costs of a rapidly ageing population.
After an official research report showed China's total pension pot could be"insolvent" as early as 2035, Chinese government officials have sought to reassure the public that their pensions will be guaranteed.
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