Pension Liabilities and Government Funding Countermeasures in China

Abstract

The pension fund deficit is the most common financial problem in the countries that have established old-age insurance systems. For China, as a country whose population and economic structure are in transition, this problem is particularly prominent. There is a huge gap in pension funds in China. This article analyses the scale and causes of the gap, reviews the major government funding measures and evaluates the effect of policy implementation.