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China’s pension challenge getting bigger (and bigger)

Jolie Ho
The pension schemes of 13 Chinese local governments are reportedly now in deficit, or close to deficit, and the number will only grow if nothing is done.
China’s pension challenge getting bigger (and bigger)

Thirteen local governments, representing almost a third of the Chinese population, are reportedly unable to fully cover their pension expenses from worker contributions, highlighting the big challenges facing China as a result of its rapidly ageing population and historic one-child policies.

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