1.34 million more people covered by China's basic old-age insurance in March 2024, reaching 1.07 billion.

China's basic old-age insurance covers 1.07 billion people as of March 2024, an increase of 14.34 million from the previous year, according to official data. This growth includes 240 million people covered by unemployment insurance and 290 million by work-related injury insurance. In the first quarter of 2024, the three social insurance funds generated 2.2 trillion yuan in revenue and spent 1.8 trillion yuan, leaving an accumulated balance of 8.6 trillion yuan.

May 04, 2024
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