英闻天下——71 Deficit in China's Pension System（在线收听） |
A recent report by the Chinese Academy of Social Sciences shows China's pension deficit reached some 77 billion yuan in 2011. It increased nearly 9 billion yuan from the previous year.
About one-third of China's provinces and autonomous regions do not have sufficient funds to pay for the pensions of retirees in urban areas.
For more on China's pension system, CRI's Zheng Chenguang earlier spoke to Professor Peng Xihe, Dean of School of Social Development and Public Policy at Fudan University. |
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