Pension contributions by workers in China no longer cover retiree benefits. In 2016, the government was left with a 429.1 billion yuan tab to cover the shortfall. Photo: Alamy

China’s ageing population is creating a new debt crisis for Beijing as pension shortfall widens

Gap between workers’ contributions and benefits paid out set to reach 600 billion yuan this year and 890 billion yuan in 2020, analyst says

Topic |   Ageing society

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Pension contributions by workers in China no longer cover retiree benefits. In 2016, the government was left with a 429.1 billion yuan tab to cover the shortfall. Photo: Alamy
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