China is facing what experts a so-called demographic time bomb as its elderly population grows and its workforce dwindles. Photo: AFP

China says it has US$726 billion pension fund surplus

  • Beijing seeks to allay fears it does not have enough money to cover the costs of a rapidly ageing population
  • ‘Everyone should rest assured that we will be able to guarantee that basic pension funds are disbursed on time’, vice-minister says
Topic |   China Society

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China is facing what experts a so-called demographic time bomb as its elderly population grows and its workforce dwindles. Photo: AFP
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