Pension reform in China: Preparing for the future
研究中国正在进行的养老金制度改革，分析其覆盖范围扩大、效率与可持续性问题，并指出需为快速人口老龄化做准备。
China is revamping its enterprise‐based old‐age security system and introducing a pension programme financed by the employer, employee, and the government through a combination of pooled funds and individual accounts. The new system is expanding coverage to the urban workforce outside the state sector and protecting benefits against inflation. The decentralised nature of the pension pools, however, limits increases in efficiency and portability of pension benefits. Sustainability of the revised system will require attention to fund management regulations and preparation for rapid population ageing by expanding coverage to rural wage earners and reducing benefits.