Big Take Asia Podcast
Why Millions of Young Chinese Are Refusing to Make Pension Payments
On today’s Big Take Asia podcast: How China’s underfunded pension system poses challenges to its economy and the Communist Party’s credibility.
China’s pension system is in danger of running out of cash within a decade due to severe underfunding.
Photographer: Na Bian/BloombergThis article is for subscribers only.
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China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it.