China to Appropriate State Company Assets to Make Up Pension-Funds Gap
China will set aside part of state-owned enterprises’ assets to make up the shortage of money in the nation’s pension funds due to an increasingly aging population, according to a statement released by the state government on Saturday.
Some state-owned companies will transfer 10% of their stakes to the pension fund in the first stage, the document released by the State Council, or China’s cabinet, said.
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