China raises minimum standard of basic pensions
China has raised the minimum standard of basic pensions for rural residents and unemployed urbanites, according to the Ministry of Human Resources and Social Security.
The standard was increased to 88 yuan (about 14 U.S. dollars) per person per month from the previous level of 70 yuan, effective on Jan. 1, 2018, the ministry said in a statement.
The adjustment was made in line with income growth, inflation and changes of basic pensions for urban employees, the statement said, quoting a ministry official.
Read More: XinhuaNet
