The urban worker pension fund, the backbone of the country’s state pension system, held a reserve of 4.8 trillion yuan (US$714 billion) at the end of 2018. It is predicted to peak at 7 trillion yuan in 2027, then drop steadily to zero by 2035. Photo: Xinhua

China’s state pension fund to run dry by 2035 as workforce shrinks due to effects of one-child policy, says study

  • The urban worker pension fund, the backbone of the country’s state pension system, is under threat, warns the Chinese Academy of Social Sciences
  • Number of citizens exceeding the normal retirement age reached 249 million at the end of 2018, some 18 per cent of the total population
Topic |   China economy

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The urban worker pension fund, the backbone of the country’s state pension system, held a reserve of 4.8 trillion yuan (US$714 billion) at the end of 2018. It is predicted to peak at 7 trillion yuan in 2027, then drop steadily to zero by 2035. Photo: Xinhua
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