Caixin
Apr 21, 2022 09:40 PM
FINANCE

Five Things to Know About China’s Private Pension System

Developing the underdeveloped private pension system has been a policy priority in China in the past few years. Photo: VCG
Developing the underdeveloped private pension system has been a policy priority in China in the past few years. Photo: VCG

The State Council, China’s cabinet, on Thursday released a policy document on developing the country’s private pension system, outlining its framework and paving the way for its nationwide implementation.

“This is China’s first top-level design document for its personal pension system,” said professor Dong Dengxin at Wuhan University of Science and Technology who specializes in pensions.

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