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China: Govt promoting private retirement savings to shore up strained pension system

China: Govt promoting private retirement savings to shore up strained pension system

May 20, 2021, at 04:31 am

Beijing: China is witnessing an economic challenge in the face of COVID-19 pandemic spread and amid such a situation the country will soon launch a new pilot program for private pension funds as part of efforts to overhaul its strained system for retirement savings.