China able to pay old-age pension in time, in full: Premier Li
Premier Li Keqiang said on Tuesday that China has the ability to pay pension benefits to the senior in time and in full.
The balance of the country’s pension funds stands at 4.1 trillion yuan (645 billion U.S. dollars), Li told a press conference following the conclusion of the annual legislative session.
“We have more revenue than expenditure,” Li said. “We also have 1.8 trillion yuan social security fund as a strategic reserve”.
Read More: ECNS
