News China03 Jan 2020

Pensions are on the mind of government officials

| 03 Jan 2020

The Chinese central government transferred at least CNY1.1tn ($157.1bn) worth of shares in state-owned enterprises (SOEs) to the National Social Security Fund (NSSF) in 2019, as part of efforts to avoid a shortfall in the basic pension scheme as the country ages.

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