Nov 06, 2023 08:10 PM

DAILY CHART

Chart of the Day: China Basic Pension Funds’ Record-Low Returns

00:00

00:00/00:00

Listen to this article 1x

China’s basic pension funds entrusted for investment saw a record-low rate of return of 0.33% last year, earning just 5.1 billion yuan ($758.2 million), an official report showed Saturday.

The return rate dropped for the second year in a row from its peak of 10.95% in 2020, according to the report released by the National Council for Social Security Fund (NCSSF).

　

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR