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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Autor principal:	Zhang Junyong
Formato:	article
Lenguaje:	EN RU
Publicado:	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2018
Materias:	china pension deficit coverage empty accounts Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/89384afb7eb1405b866c3f9d4c3c8ae5
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id	oai:doaj.org-article:89384afb7eb1405b866c3f9d4c3c8ae5
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spelling	oai:doaj.org-article:89384afb7eb1405b866c3f9d4c3c8ae52021-11-12T10:45:58ZIssues on China’s Pension System: Dilemma and Solutions1726-11391816-8590https://doaj.org/article/89384afb7eb1405b866c3f9d4c3c8ae52018-04-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/458https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The 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.Zhang JunyongNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlechinapensiondeficitcoverageempty accountsPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 11, Pp 100-110 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	china pension deficit coverage empty accounts Political institutions and public administration (General) JF20-2112
spellingShingle	china pension deficit coverage empty accounts Political institutions and public administration (General) JF20-2112 Zhang Junyong Issues on China’s Pension System: Dilemma and Solutions
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
author	Zhang Junyong
author_facet	Zhang Junyong
author_sort	Zhang Junyong
title	Issues on China’s Pension System: Dilemma and Solutions
title_short	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_sort	issues on china’s pension system: dilemma and solutions
publisher	North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate	2018
url	https://doaj.org/article/89384afb7eb1405b866c3f9d4c3c8ae5
work_keys_str_mv	AT zhangjunyong issuesonchinaspensionsystemdilemmaandsolutions
_version_	1718430944426196992

Issues on China’s Pension System: Dilemma and Solutions

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