Contributions from local governments across China have held up the social security system, but pressure is mounting after other pillars of support were removed from the system. Illustration: Lau Ka-kuen
Contributions from local governments across China have held up the social security system, but pressure is mounting after other pillars of support were removed from the system. Illustration: Lau Ka-kuen

China’s social security fund is being propped up by local government subsidies, but for how long?

  • Without contributions from local governments, national social security funds would have run at a deficit since 2013, a South China Morning Post analysis of records finds
  • Beijing exempted companies from paying into the system during the coronavirus, but the move could come at the expense of supporting the nation’s most vulnerable

Contributions from local governments across China have held up the social security system, but pressure is mounting after other pillars of support were removed from the system. Illustration: Lau Ka-kuen
Contributions from local governments across China have held up the social security system, but pressure is mounting after other pillars of support were removed from the system. Illustration: Lau Ka-kuen
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