China expands private pension program nationwide to boost retirement savings for its aging population.

China plans to expand its private pension program nationwide starting December 15, aiming to provide additional retirement income for its aging population. The program, previously piloted in 36 cities, will allow citizens to invest up to 12,000 yuan annually in financial products, complementing the state-run pension system. This move seeks to enhance financial security for retirees and modernize social security.

3 months ago
20 Articles