China to launch first private pension scheme to tackle challenges from ageing population
China to launch first private pension scheme to tackle challenges from ageing population

China to launch first private pension scheme to tackle challenges from ageing population

 

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China will launch its first private pension scheme which enables citizens to invest and supplement funds in their pension in a efforts to tackle economic challenges linked to an ageing population.

Employees can contribute up to 12,000 yuan ($1,860) per year to their pension fund under the new scheme, the government said in a document on Thursday, adding that the cap would be adjusted in line with “economic development” and would benefit from . . .

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