POLICY PROMOTES PRIVATE PENSIONS

Scheme seen as viable supplement to State-run program

12,000 yuan The maximum amount individuals can deposit into their private pension accounts per year

By CHENG SI chengsi@chinadaily.com.cn
POLICY REVIEW


In a new guideline focusing on the management of private pensions, the Chinese government has outlined plans to develop a multitiered, sustainable social security system to benefit its aging population. The guideline, which was launched by five...

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