China’s race to upgrade its retirement options

Building a national public pension system, potentially letting corporate pensions invest overseas, opening up the pension business to insurers and fund managers; China is sparing no effort to build a multi-layered system to meet the retirement needs of its 1.4 billion population.  But it’s in a race against time. The number of Chinese citizens aged 60 or above reached 241 million by the end of 2017, representing 17.3% of the country’s total population. The China National Committee…