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Touching the void
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]January 2007
Whether it's compulsory state pensions, voluntary private ones or a nascent Western-style corporate model, China's social security hole needs filling
Time is running out for China's pension system. The one-child policy has created the 1-2-4 phenomenon within many of the country's households - one child, two parents and four grandparents. With the dependency ratio doubling by the generation, China's working-age population is expected to peak in 2010 and by 2040 there will be two workers for every one retiree, down from six to one in 2000. Based on current progress, there won't be enough money in public or private pensions to support ...
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