In 2018, Chinese families had the fewest babies since 1961, government statistics showed. Photo: Xinhua

China’s young people fear ‘miserable retirement’ with state pension fund predicted to dry up by 2035

  • Rapidly ageing population and shrinking workforce mean net contributions will start to decline in 2023, according to Chinese Academy of Social Sciences study in April
  • Government has already transferred 600 billion yuan (US$87 billion) in equity to the fund, but people are taking out private pension plans from as young as 20s
Topic |   China economy

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In 2018, Chinese families had the fewest babies since 1961, government statistics showed. Photo: Xinhua
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