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
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

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
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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