Wang Shuo: Any Fix to China’s Pension Woes Can’t Be a Perpetual Motion Machine

China faces a future defined by an aging population and a declining birthrate, according to the results of its Seventh National Population Census. The challenge of pensions for the elderly has again come under the spotlight, and this idea has recently been floated: establish a national elderly care investment organization whereby every eligible Chinese person is allotted a sum of money, the staggering sum of which is then pooled and invested in stock, bond and other asset markets.