60 million people joined China's private pension system, launched in late 2022.
China's private pension system, launched in late 2022, has attracted 60 million people, as per the Ministry of Human Resources and Social Security. The government-backed, voluntary system allows citizens to contribute up to 12,000 yuan annually to individual pension accounts for various old-age financial products. The ministry plans to further promote the system's coverage in the upcoming stages.
June 08, 2024
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