China’s pension fund, which already relies on government subsidies, held a reserve of 4.8 trillion (US$677 billion) at the end of 2018. The gap between contributions and outlays could reach 11 trillion yuan (US$1.5 billion) by 2050. Photo: Xinhua
China’s pension fund, which already relies on government subsidies, held a reserve of 4.8 trillion (US$677 billion) at the end of 2018. The gap between contributions and outlays could reach 11 trillion yuan (US$1.5 billion) by 2050. Photo: Xinhua

China’s workforce saving more for retirement amid concerns about state pension, survey finds

  • Half of Chinese have begun saving for retirement, up from 46 per cent in 2018, survey from Fidelity International and Ant Financial shows
  • Results come amid growing concern in China about the financial stability of the state pension fund due to the country’s ageing population

China’s pension fund, which already relies on government subsidies, held a reserve of 4.8 trillion (US$677 billion) at the end of 2018. The gap between contributions and outlays could reach 11 trillion yuan (US$1.5 billion) by 2050. Photo: Xinhua
China’s pension fund, which already relies on government subsidies, held a reserve of 4.8 trillion (US$677 billion) at the end of 2018. The gap between contributions and outlays could reach 11 trillion yuan (US$1.5 billion) by 2050. Photo: Xinhua
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