China’s Aging Population Raises Concerns Over Pension System Sustainability
Beijing, China – As China’s population continues to age, there are growing concerns about the sustainability of the country’s pension system. With an increasing number of retirees and a smaller working-age population, experts worry about the potential strain on the pension system and the economy as a whole. China’s pension system, like many others around the world, operates on a pay-as-you-go basis, meaning that current workers’ contributions are used to pay current retirees’ benefits. However, …