China’s pension funds struggling to cope with ageing population: state media
Total expenditures of China's urban workers' pension funds grew 23.4 percent on year to 3.19 trillion yuan while total incomes only grew 19.5 percent on year to 3.51 trillion yuan, a report stated.
By: Reuters | Beijing | Published: December 11, 2017 1:28 pm
China struggles with an ageing population and shortfalls in the nation’s pension schemes (Reuters Photo/File)
Thirteen pension funds in regions and administrative units around China only have enough money to pay less than one year’s worth of pensions, media reported on Monday, as the country struggles with an ageing population and shortfalls in the nation’s pension schemes.
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