Unification of pension funds on agenda for five-year plan--China Economic Net
After laying the groundwork for more than a decade, China has announced it will set up a unified national pension system before 2025. The decision was unveiled in a document released by the Central Committee of the Communist Party of China late last year, as policymakers addressed challenges posed by a rapidly graying population. The document makes wide-ranging proposals for China's development priorities for the 14th Five-Year Plan (2021-25) period and beyond, with details set to be ironed out at the two sessions-the annual meetings of the country's top legislature and top political ...