China’s pension funds sufficient: official
China's overall income of the pension funds is greater than the expenditure, and the operation of the fund is in good condition, the finance minister said Thursday. "Nationwide, China can ensure that the pension is paid on time and in full," Minister of Finance Liu Kun told a press conference on the sidelines of the annual legislative session. Last year, the income of the corporate pension funds was 3.6 trillion yuan (536 billion U.S. dollars), while total expenditure stood...
