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Coronavirus: China’s state pension fund under increasing pressure after fee cuts to help struggling businesses

Summary:
[unable to retrieve full-text content]China’s short-term goal of pulling its economy out of the trouble created by the coronavirus pandemic is in danger of exacerbating the existing pressure on its national pension system already strained by an ageing population.Beijing announced in February that businesses could reduce or even stop contributions to provincial pension funds amid the outbreak in an effort to help them weather the current economic storm.This is part of a concentrated effort by governments at all levels with China’s…

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[unable to retrieve full-text content]
China’s short-term goal of pulling its economy out of the trouble created by the coronavirus pandemic is in danger of exacerbating the existing pressure on its national pension system already strained by an ageing population.Beijing announced in February that businesses could reduce or even stop contributions to provincial pension funds amid the outbreak in an effort to help them weather the current economic storm.This is part of a concentrated effort by governments at all levels with China’s…

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