People in China can now invest up to 12,000 yuan a year into a private pension account, following the State Council’s decision to push forward a special scheme.
While it will serve primarily as a supplement to existing pensions paid by the state and enterprises, it should also provide an extra financial guarantee for people in retirement.
Officials say the country’s aging population meant the government had to take action to protect people in retirement.
__________________
Powered by Shanghai Media Group, ShanghaiEye focuses on producing top-quality content for Facebook, Twitter, Instagram and Youtube.
Nobody knows Shanghai better than us.
Please subscribe to us ☻☻☻
__________________
For more stories, please click
■ What’s up today in Shanghai, the most updated news of the city
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MNjpE4hspSVry8dR555getN
■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MMVTWr-zIXjsS4hhSQPmyes
■ What Chinese people’s lives are like during the post COVID-19 period
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MPrPTmIirpfgETu6VKVESXe
■ Views of foreign scholars on China and its affairs
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MO9ua_nSK6slRPdUl-ovjRe
■ Foreign faces in Shanghai, people living in this city sharing their true feelings
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MP0vJDSw23_1MCPJhAfGbiG
■ Mini-docs showing why China is the country it is today
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MOreRu2AbZ3ziIUyCcdBLwX
__________________
☎Leave us messages if you have any suggestions or questions!
Thank you!
source
CPC Government should also have a scheme to assist Over Sea Chinese. It will be a double edged sword. The World will than have the opportunity to see how many Chinese Support CPC Lead Government.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Program not “scheme”. Improve your propaganda to western standards.
How do you invest in forced labor in Xinjiang? I bet it makes a lot of Yuan
Allowing private ownership in any public sector service is a guaranteed road to ruin. Look at the US, a failed state because everything is privatized. Pensions, health care, education, energy, telecom and military sectors must stay in public domain if China is serious about becoming a new leader in multipolar world. The moment China opens for financial/unregulated capitalism, it’ll mean it’s infected with neoliberal virus and will set itself firmly on the downward trajectory.
Careful you end up with a mini class struggle between those with and those without. That a recipe for fascism. Those with won't share and those without starve…..very divisive policy.
Very smart.
Marks said that proletarians sell labor, not capital. It is age independent.