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Pension Reform in China: Racing Against the Demographic Clock

Mother and daughter

Hazel Bateman and Kevin Liu

Using data from the China Household Finance Survey - a new nationally representative survey of 8,438 households we critically assess the Chinese pension system using both individual and economy-wide criteria.

We advocate that the key to sustainable reform will be the establishment of a regulatory framework with well-defined governance structures for both publicly and privately managed pension assets.

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