CX Daily: China’s Pension Growth Dwindles as Population Ages, Workforce Shrinks

Pension /

China’s pension growth dwindles as population ages, workforce shrinks

A pension shortfall is looming in China as the country is confronted by a rapidly aging population and slowing economic growth. The government has continued to raise the basic pension for urban retirees, as it has for nearly two decades, but is doing so by increasingly smaller increments, with the smallest ever addition made in 2023.