July 2021
12Jul

Emerging markets pushed to the sidelines for now

Emerging markets have become a victim of China's success in 2020, with money managers and investors now underweight and pulling assets from equity and debt allocations as they watch and wait for better times to resume. The recovery in the U.S. dollar, an increase in safe-haven asset yields in the first quarter and China's tighter monetary policy have contributed to the underperformance of emerging market assets vs. developed market assets so far in 2021. On top of that, developed markets continue...

July 12, 2021
News, Slider, , , ,
Read more...
08Jul

Delay the Pension Age or Adjust the Pension Benefit? Implications for Labor Supply and Individual Welfare in China

By Yuanyuan Deng, Hanming Fang, Katja Hanewald, Shang Wu We develop and calibrate a life-cycle model of labor supply and consumption to quantify the implications of alternative pension reforms on labor supply, individual welfare, and government budget for China’s basic old-age insurance program. We focus on urban males and distinguish low-skilled and high-skilled individuals, who differ in their preferences, health and labor income dynamics, and medical expense processes. We use the calibrated model to evaluate three potential pension reforms: (i)...

July 8, 2021
Aging, Articles, Labor Market, Pension design, , , , , ,
Read more...
08Jul

Towards equity and sustainability? China’s pension system reform moves center stage

By Li Yang In this paper I review the latest development of China’s public pension system. Last several decades saw China’s tremendous achievement in various public pension reforms. Especially since the 11th Five-Year Plan (2006-2010), reform has accelerated. By 2019, the public pension system in China has covered almost one billion adults, which makes it the biggest pension system in the world. Together with the expansion of Dibao (Basic living allowance) and the eradication of poverty, the development of pension...

July 8, 2021
Aging, Articles, System Sustainability, , , ,
Read more...

June 2021
28Jun

China’s enterprise annuity funds hit 2.32 tln yuan

China's enterprise annuity funds hit 2.32 tln yuan BEIJING, June 27 (Xinhua) -- China's total enterprise annuity funds reached a new high of 2.32 trillion yuan (about 358 billion U.S. dollars) by the end of the first quarter of the year, official data shows. Read also World’s Top Pension Fund Books ‘Historic’ $339 Billion Gain In the first three months, the investment returns of enterprise annuity funds neared 6 billion yuan, with the weighted average rate of return standing at 0.3 percent,...

June 28, 2021
News,
Read more...
23Jun

China. Rising pension levels to ensure senior citizens have no tension

Seventeen provincial-level regions in China, such as Beijing, Tianjin and Shanghai, and Shaanxi, Henan, Hebei and Liaoning provinces have issued notices raising local pensions. Other regions are expected to follow suit. This rise in pensions for the 17th consecutive year is in accordance with the spirit of this year's Government Work Report and a notice issued by the Ministry of Human Resources and Social Security and the Ministry of Finance in April on adjusting basic pensions for retirees in 2021...

June 23, 2021
News, Slider, , ,
Read more...
01Jun

Por qué China relajó su controvertida política de natalidad y permitió que las parejas puedan tener 3 hijos

Las parejas chinas podrán tener tres hijos si así lo desean. Así lo anunció China este lunes, un importante giro en su política de natalidad impulsado por el rápido envejecimiento de su población y el desafío social y económico que esto conlleva. La noticia, que relaja la política de dos hijos a tres, se produce poco después de que se publicaran los datos del censo, que mostraron una fuerte caída en las tasas de natalidad. Y es que el abandono de la política...

June 1, 2021
Noticias,
Read more...

May 2021
31May

China introduces three-child policy to alleviate problem of ageing population

China's government has announced it is scrapping a policy limiting couples to two children and will now allow them to have three. The change was approved during a Politburo meeting chaired by President Xi Jinping, according to official news agency Xinhua. The government said the problem of an ageing populace was deepening and the change would help to improve the structure of China's population and maintain its advantage in human resources. The policy change will come with "supportive measures, which will be...

May 31, 2021
News, Slider, ,
Read more...
31May

China. ‘Third pillar’ of pension cover can help aging society

Two important documents－this year's Government Work Report and the 14th Five-Year Plan (2021-25) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035－put forward that the so-called third pillar of endowment insurance will develop in a well-regulated way. China entered the club of aging societies in 2000. While the total population is growing at a low speed, the elderly group has been growing at a high speed in recent years. According to the seventh national population census,...

May 31, 2021
News, Slider,
Read more...
19May

China turns to private insurers to help unlock US$15.3 trillion of savings and avert a crisis in state pension system

This is the 11th in a series of stories about China’s once-a-decade census, which was conducted in 2020. The world’s most populous nation released its national demographic data on May 11, and the figures will have far-reaching social policy and economic implications. Read also China population: state pension fund under pressure from ‘unprecedented challenge’ as nation gets older Some of China’s biggest insurers are relishing the opportunity to unlock US$15.3 trillion of private savings, the size of the world’s second-largest economy,...

May 19, 2021
News, Slider, , ,
Read more...
14May

China population: state pension fund under pressure from ‘unprecedented challenge’ as nation gets older

This is the fifth in a series of stories about China’s once-a-decade census conducted in 2020. The world’s most populous nation released its national demographic data on Tuesday, and the figures will have far-reaching social policy and economic implications. Zhao Baidong, a 28-year-old property agent in Beijing, would like to travel when he retires, but with China and its state pension system facing a “challenge unprecedented in human history” as its population gets older, he is concerned he might be...

May 14, 2021
News, Slider, ,
Read more...