BEIJING–Chinese people retired from the workforce faster than new workers started paying into the country’s national pension fund last year, according to data from the Ministry of Human Resources and Social Security.
The number of Chinese contributing to the urban pension fund rose 7% from a year earlier to 214 million in 2012 while the number of retired Chinese climbed 9.5% from a year earlier to 69 million, the ministry said on…
View original post here: China Pension Fund Strained as Retirees Increase
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