CX Daily: Why Individuals May Need to Shoulder More of China’s Social Insurance Burden

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In Depth: Why individuals may need to shoulder more of China’s social insurance burden

In recent years, many local governments in China have made a priority of subsidizing the funds that pay for a variety of social insurance programs, such as basic pensions and medical insurance.

But the effort has strained the budgets of already cash-strapped local governments, leading to predictions that individuals will have to pick up more of the slack.