By Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz
Although massive reforms of the pension procedure were undertaken during the last 20 years, a few policymakers have steered that extra reforms are had to meet the wishes of China’s swiftly altering financial system and society. concerns reminiscent of legacy bills, procedure fragmentation and constrained insurance haven't been totally addressed. whilst, many new demanding situations have emerged resembling speedy urbanization, elevated source of revenue inequality and urban-rural disparities, better informalization of the exertions strength, alterations in kinfolk constitution, and the results of elevated globalization.
This record has been ready on the request of the Ministry of Finance to improve a medium time period imaginative and prescient of a holistic framework that may be discovered via 2040 for strengthening previous age source of revenue defense in China that is in keeping with the foundations defined within the 12 characters and layout ideas in the direction of attaining it. the most physique of this file outlines this imaginative and prescient – summarizing the main positive factors of a proposed medium-term pension method – whereas the annexes give you the deeper research and context which underpins the strategies contained herein.
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Extra resources for China's Pension System: A Vision (Directions in Development)
China's Pension System: A Vision (Directions in Development) by Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz