Beijing urged to overhaul welfare system – Richard McGregor

From The :

must urgently address the nation’s looming pension and healthcare crises while government has the financial resources to tackle them, says , head of the .

Mr Zhou, governor of the ’s , called for a mix of private health and pension and cash support for the as part of an overhaul of the welfare system.

China has large unfunded pension liabilities, resulting from the collapse of state enterprises that once guaranteed cradle-to-grave support for workers. [Full Text]

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