Last year, the Chinese Academy of Social Sciences forecast that the value of China’s national pension fund would peak at 6.99 trillion yuan (US$985 billion) in 2027 before gradually running out by 2035. Photo: AFP

Coronavirus: China’s state pension fund under increasing pressure after fee cuts to help struggling businesses

  • Businesses can reduce or even stop contributions to provincial pension funds amid the outbreak in an effort to help them weather the current economic storm
  • But China’s state pension fund was already under pressure from an ageing population, with fears it could run dry by 2035 even before the pandemic
Topic |   Coronavirus pandemic
Last year, the Chinese Academy of Social Sciences forecast that the value of China’s national pension fund would peak at 6.99 trillion yuan (US$985 billion) in 2027 before gradually running out by 2035. Photo: AFP
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