Issues on China’s Pension System: Dilemma and Solutions
The article examines pension systems modernization in China; the evolution of the approaches to solving pension security problems in view of demographic challenges. The existing regulatory framework of funded pensions, the approaches to refill the empty accounts such as delaying retirement ages as w...
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| Format: | Article |
| Language: | English |
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North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
2018-04-01
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| Series: | Управленческое консультирование |
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| Online Access: | https://www.acjournal.ru/jour/article/view/458 |
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| _version_ | 1850076121173852160 |
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| author | Zhang Junyong |
| author_facet | Zhang Junyong |
| author_sort | Zhang Junyong |
| collection | DOAJ |
| description | The article examines pension systems modernization in China; the evolution of the approaches to solving pension security problems in view of demographic challenges. The existing regulatory framework of funded pensions, the approaches to refill the empty accounts such as delaying retirement ages as well as abolishing one-child policy are in focus of the research. Population aged 60 or over is the fastest growing cohort, globally, according to the UN data. Currently having 15.2% (2015) of its population aged 60 or over, China is one of the most rapidly ageing nations. By 2030, China will have nearly a quarter of their populations aged 60 or over. Population ageing is projected to have a profound effect on the number of workers as well as pensioners, posing the problem of underscoring the national pension systems’ adaptation to changing conditions; increasing the fiscal and political pressures that the old-age and social protection systems, health care systems are facing. |
| format | Article |
| id | doaj-art-89384afb7eb1405b866c3f9d4c3c8ae5 |
| institution | DOAJ |
| issn | 1726-1139 1816-8590 |
| language | English |
| publishDate | 2018-04-01 |
| publisher | North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration |
| record_format | Article |
| series | Управленческое консультирование |
| spelling | doaj-art-89384afb7eb1405b866c3f9d4c3c8ae52025-08-20T02:46:06ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902018-04-01011100110458Issues on China’s Pension System: Dilemma and SolutionsZhang Junyong0Shijiazhuang Railway UniversityThe article examines pension systems modernization in China; the evolution of the approaches to solving pension security problems in view of demographic challenges. The existing regulatory framework of funded pensions, the approaches to refill the empty accounts such as delaying retirement ages as well as abolishing one-child policy are in focus of the research. Population aged 60 or over is the fastest growing cohort, globally, according to the UN data. Currently having 15.2% (2015) of its population aged 60 or over, China is one of the most rapidly ageing nations. By 2030, China will have nearly a quarter of their populations aged 60 or over. Population ageing is projected to have a profound effect on the number of workers as well as pensioners, posing the problem of underscoring the national pension systems’ adaptation to changing conditions; increasing the fiscal and political pressures that the old-age and social protection systems, health care systems are facing.https://www.acjournal.ru/jour/article/view/458chinapensiondeficitcoverageempty accounts |
| spellingShingle | Zhang Junyong Issues on China’s Pension System: Dilemma and Solutions Управленческое консультирование china pension deficit coverage empty accounts |
| title | Issues on China’s Pension System: Dilemma and Solutions |
| title_full | Issues on China’s Pension System: Dilemma and Solutions |
| title_fullStr | Issues on China’s Pension System: Dilemma and Solutions |
| title_full_unstemmed | Issues on China’s Pension System: Dilemma and Solutions |
| title_short | Issues on China’s Pension System: Dilemma and Solutions |
| title_sort | issues on china s pension system dilemma and solutions |
| topic | china pension deficit coverage empty accounts |
| url | https://www.acjournal.ru/jour/article/view/458 |
| work_keys_str_mv | AT zhangjunyong issuesonchinaspensionsystemdilemmaandsolutions |