ecns [expanded by feedex.net]
ecns
High load to Kaohsiung sparks direct Taipei flights
http://www.ecns.cn/business/2013/12-02/90853.shtml
Dec 2nd 2013, 02:20
2013-12-02 11:20 Shanghai Daily Web Editor: qindexing
Spring and Juneyao airlines launched direct flights from Shanghai to Taipei yesterday to tap the demand of Chinese mainland visitors to visit the island.
The two airlines began flying to Taipei yesterday after the load factors on their Kaohsiung flights which started late October hit over 95 percent.
"The market has great potential… if permitted, Juneyao is willing to operate three daily flights to Taiwan to meet demand," said Wang Junjin, the airline's chairman.
Spring, a low-cost carrier, offers a single-trip ticket at 500 yuan — lower than its counterpart — but Juneyao promised passengers better services.
Taiwan also raised its quota for individual travelers from the mainland by 1,000 to 3,000 a day from yesterday to meet rising demand. The quota for group tour members remains at 5,000 a day.
A record 2.6 million mainland travelers visited the island last year, a surge of 45 percent from 2011.
Mainland visitors have become the biggest source of visitors to Taiwan and are among the biggest shoppers, spending over US$2.9 billion last year.
Taiwan has seen a sharp influx of mainland visitors since the first direct flight was launched in 2008.
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Sunday, December 1, 2013
ecns [expanded by feedex.net]: Safety fears as car sales rocket
ecns [expanded by feedex.net]
ecns
Safety fears as car sales rocket
http://www.ecns.cn/business/2013/12-02/90854.shtml
Dec 2nd 2013, 02:23
2013-12-02 11:23 Shanghai Daily Web Editor: qindexing
The number of private cars in China has jumped 13 times in 10 years, a symbol of a wealthier population but adding to concerns over road safety and air pollution.
There are now 85.07 million private cars in the country compared to 6 million in 2003, Xinhua news agency said yesterday, citing the Ministry of Public Security's traffic management department.
More than 14 million were added each year in the past two years, the bureau said.
Private cars now account for 82.8 percent of all vehicles in China, with Beijing having the most of any city at 5 million.
Shanghai and six other cities: Tianjin, Chengdu, Shenzhen, Guangzhou, Suzhou and Hangzhou, have more than 2 million each.
Back in 2003, China had 60 million motorcycles on the road, comprising 61.4 percent of all vehicles. Current figures are not known, but Xinhua said: "In the past 10 years, people's living standards rose quickly and cars replaced motorcycles to be the major vehicle for Chinese families."
Official figures show that there are currently more than 275 million drivers in the country, 2.6 times the number in 2003.
The number of women drivers has also nearly tripled from 10 years ago to 60 million.
However, the bureau warned of road safety issues even though the number of extremely serious road accidents had declined to 25 last year from a peak of 80 in 1996.
"Some people are lacking in safety awareness, and bad driving habits are common," said Xu Ganlu, head of the traffic management bureau. "The total number of traffic casualties is still large, and the road safety outlook is not positive."
The increasing number of vehicles is also considered a major source of air pollution.
A study by the China Academy of Social Sciences conducted in Beijing, Tianjin and Hebei Province showed that 50 percent of PM2.5 pollutants, the fine particles that cause smog and are particularly hazardous to health, are generated by car emissions and road dust.
Some cities, including Shanghai, are restricting the movement of high-emission vehicles. In Shanghai, they are not allowed inside the Inner Ring Road.
Beijing, long plagued by thick smog and heavy traffic, will slash the capital city's new car sales quotas by almost 40 percent next year as it looks to curb vehicle emissions and hazardous levels of pollution, according to the city government's website.
The change in policy gives greater support to cleaner, new-energy cars.
Over the next four years, Beijing will issue 150,000 new license plates a year, down from the current 240,000. Car buyers must put on plates before they are allowed on the road.
That means Beijing's new passenger vehicle sales during the 2014-2017 period will be capped at 600,000 units, fewer than the city's vehicle sales in 2010.
The government will also allot a higher proportion of license plates to buyers of new-energy vehicles that need less gasoline or use alternative energy.
In October this year, vehicle sales in China had soared more than 20 percent year on year for the second consecutive month to 1.93 million units, according to the China Association of Automobile Manufacturers.
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ecns
Safety fears as car sales rocket
http://www.ecns.cn/business/2013/12-02/90854.shtml
Dec 2nd 2013, 02:23
2013-12-02 11:23 Shanghai Daily Web Editor: qindexing
The number of private cars in China has jumped 13 times in 10 years, a symbol of a wealthier population but adding to concerns over road safety and air pollution.
There are now 85.07 million private cars in the country compared to 6 million in 2003, Xinhua news agency said yesterday, citing the Ministry of Public Security's traffic management department.
More than 14 million were added each year in the past two years, the bureau said.
Private cars now account for 82.8 percent of all vehicles in China, with Beijing having the most of any city at 5 million.
Shanghai and six other cities: Tianjin, Chengdu, Shenzhen, Guangzhou, Suzhou and Hangzhou, have more than 2 million each.
Back in 2003, China had 60 million motorcycles on the road, comprising 61.4 percent of all vehicles. Current figures are not known, but Xinhua said: "In the past 10 years, people's living standards rose quickly and cars replaced motorcycles to be the major vehicle for Chinese families."
Official figures show that there are currently more than 275 million drivers in the country, 2.6 times the number in 2003.
The number of women drivers has also nearly tripled from 10 years ago to 60 million.
However, the bureau warned of road safety issues even though the number of extremely serious road accidents had declined to 25 last year from a peak of 80 in 1996.
"Some people are lacking in safety awareness, and bad driving habits are common," said Xu Ganlu, head of the traffic management bureau. "The total number of traffic casualties is still large, and the road safety outlook is not positive."
The increasing number of vehicles is also considered a major source of air pollution.
A study by the China Academy of Social Sciences conducted in Beijing, Tianjin and Hebei Province showed that 50 percent of PM2.5 pollutants, the fine particles that cause smog and are particularly hazardous to health, are generated by car emissions and road dust.
Some cities, including Shanghai, are restricting the movement of high-emission vehicles. In Shanghai, they are not allowed inside the Inner Ring Road.
Beijing, long plagued by thick smog and heavy traffic, will slash the capital city's new car sales quotas by almost 40 percent next year as it looks to curb vehicle emissions and hazardous levels of pollution, according to the city government's website.
The change in policy gives greater support to cleaner, new-energy cars.
Over the next four years, Beijing will issue 150,000 new license plates a year, down from the current 240,000. Car buyers must put on plates before they are allowed on the road.
That means Beijing's new passenger vehicle sales during the 2014-2017 period will be capped at 600,000 units, fewer than the city's vehicle sales in 2010.
The government will also allot a higher proportion of license plates to buyers of new-energy vehicles that need less gasoline or use alternative energy.
In October this year, vehicle sales in China had soared more than 20 percent year on year for the second consecutive month to 1.93 million units, according to the China Association of Automobile Manufacturers.
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ecns [expanded by feedex.net]: Two-legged lamb 'walking' just two months after being born without all fours
ecns [expanded by feedex.net]
ecns
Two-legged lamb 'walking' just two months after being born without all fours
http://www.ecns.cn/2013/12-02/90849.shtml
Dec 2nd 2013, 01:49
2013-12-02 10:49 Global Times Web Editor: Li Yan
Just two months after a lamb was born with just two hind legs in Liucheng village, which belongs to Henan province's Xihua county, the baby sheep has managed to "walk" on its own, its owner said.
The owner, a farmer surnamed Zhao, said that about a month after the lamb was born in August, it began trying to move around on its hind legs - and a month later, it had figured out how to be mobile without depending on "all fours."
"I'm more than 60 years old now, yet this is the first time I've ever seen a two-legged lamb walk," said Zhao.
The lamb was born with three others in the summer, but was the only one to suffer a birth defect, which a local veterinarian suspects was the result of some kind of genetic mutation.
0)
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ecns
Two-legged lamb 'walking' just two months after being born without all fours
http://www.ecns.cn/2013/12-02/90849.shtml
Dec 2nd 2013, 01:49
2013-12-02 10:49 Global Times Web Editor: Li Yan
Just two months after a lamb was born with just two hind legs in Liucheng village, which belongs to Henan province's Xihua county, the baby sheep has managed to "walk" on its own, its owner said.
The owner, a farmer surnamed Zhao, said that about a month after the lamb was born in August, it began trying to move around on its hind legs - and a month later, it had figured out how to be mobile without depending on "all fours."
"I'm more than 60 years old now, yet this is the first time I've ever seen a two-legged lamb walk," said Zhao.
The lamb was born with three others in the summer, but was the only one to suffer a birth defect, which a local veterinarian suspects was the result of some kind of genetic mutation.
0)
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ecns [expanded by feedex.net]: Industrial activities remain at high level
ecns [expanded by feedex.net]
ecns
Industrial activities remain at high level
http://www.ecns.cn/business/2013/12-02/90850.shtml
Dec 2nd 2013, 01:51
2013-12-02 10:51 Shanghai Daily Web Editor: qindexing
China's manufacturing activity remained at its highest level since May 2012 for the second straight month in November, an indicator of stabilizing growth in the world's second-largest economy.
The official Purchasing Manager's Index, a comprehensive gauge of operating conditions in industrial companies around the country, was unchanged from October at 51.4, the China Federation of Logistics and Purchasing said yesterday.
November was also the 14th consecutive month that saw the reading stand above 50, or in expansion, federation data showed.
"Following a four-month continuous rebound since July, the gauge entered into a stationary phase in November, a signal that China's manufacturing activities are climbing up steadily," said Chen Zhongtao, an analyst with the federation. "Notably, production at a majority of industries is seeing a rebound with those in the pharmaceutical, auto, computer, telecommunications and some other segments maintaining an above-average growth rate."
Production rebounded for the fifth straight month to 54.5 in November, the highest since May 2012.
New orders, meanwhile, fell 0.2 points to 52.3 and input prices dropped 0.8 point to 52.5.
"Production rose to a 19-month high in November, providing a backup for sustained improvement in operating conditions for manufacturing companies," said Zhao Qinghe, a senior statistician at the National Bureau of Statistics. "However, the gauge needs further impetus to consolidate its growth momentum despite the overall improving environment registered for the moment."
The inventory of raw materials declined to 47.8 from 48.6 in the previous month while finished goods inventory gained 2.3 points to 47.9.
This shows that Chinese producers are not rushing to hoard raw materials due to a lack of final demand, an indication of a cautious view of the outlook for the economy, ANZ said in a report released yesterday.
China's gross domestic product expanded by 7.7 percent in the first nine months, which is higher than the government's full-year target of 7.5 percent.
GDP growth in the third quarter accelerated to 7.8 percent from 7.5 percent in the second, NBS data showed.
0)
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ecns
Industrial activities remain at high level
http://www.ecns.cn/business/2013/12-02/90850.shtml
Dec 2nd 2013, 01:51
2013-12-02 10:51 Shanghai Daily Web Editor: qindexing
China's manufacturing activity remained at its highest level since May 2012 for the second straight month in November, an indicator of stabilizing growth in the world's second-largest economy.
The official Purchasing Manager's Index, a comprehensive gauge of operating conditions in industrial companies around the country, was unchanged from October at 51.4, the China Federation of Logistics and Purchasing said yesterday.
November was also the 14th consecutive month that saw the reading stand above 50, or in expansion, federation data showed.
"Following a four-month continuous rebound since July, the gauge entered into a stationary phase in November, a signal that China's manufacturing activities are climbing up steadily," said Chen Zhongtao, an analyst with the federation. "Notably, production at a majority of industries is seeing a rebound with those in the pharmaceutical, auto, computer, telecommunications and some other segments maintaining an above-average growth rate."
Production rebounded for the fifth straight month to 54.5 in November, the highest since May 2012.
New orders, meanwhile, fell 0.2 points to 52.3 and input prices dropped 0.8 point to 52.5.
"Production rose to a 19-month high in November, providing a backup for sustained improvement in operating conditions for manufacturing companies," said Zhao Qinghe, a senior statistician at the National Bureau of Statistics. "However, the gauge needs further impetus to consolidate its growth momentum despite the overall improving environment registered for the moment."
The inventory of raw materials declined to 47.8 from 48.6 in the previous month while finished goods inventory gained 2.3 points to 47.9.
This shows that Chinese producers are not rushing to hoard raw materials due to a lack of final demand, an indication of a cautious view of the outlook for the economy, ANZ said in a report released yesterday.
China's gross domestic product expanded by 7.7 percent in the first nine months, which is higher than the government's full-year target of 7.5 percent.
GDP growth in the third quarter accelerated to 7.8 percent from 7.5 percent in the second, NBS data showed.
0)
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ecns [expanded by feedex.net]: Private and export manufacturing grows at slightly slower pace
ecns [expanded by feedex.net]
ecns
Private and export manufacturing grows at slightly slower pace
http://www.ecns.cn/business/2013/12-02/90855.shtml
Dec 2nd 2013, 02:29
2013-12-02 11:29 Shanghai Daily Web Editor: qindexing
China's manufacturing activity in private and export-oriented firms grew at a slightly slower pace in November, compared with the unchanged performance in state-owned enterprises, a survey showed this morning.
The HSBC Purchasing Managers' Index, which measures operating conditions in largely private companies, registered 50.8 in November, up slightly from the earlier flash reading of 50.4 but weakening a bit from 50.9 in October, according to HSBC Holdings Plc.
A reading above 50 means expansion.
The official Purchasing Managers' Index, released on Sunday by the China Federation of Logistics and Purchasing, stayed the same at 51.4 in November as in October.
Qu Hongbin, chief economist for China at HSBC, said China's manufacturing sector kept relatively steady growth momentum as the final manufacturing PMI was better than the flash reading on the back of faster new business gains.
"However, the renewed contraction of employment and the slower pace of restocking activities call for a continuation of accommodative policy," Qu said. "The modest inflationary pressures leave room to do so."
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ecns
Private and export manufacturing grows at slightly slower pace
http://www.ecns.cn/business/2013/12-02/90855.shtml
Dec 2nd 2013, 02:29
2013-12-02 11:29 Shanghai Daily Web Editor: qindexing
China's manufacturing activity in private and export-oriented firms grew at a slightly slower pace in November, compared with the unchanged performance in state-owned enterprises, a survey showed this morning.
The HSBC Purchasing Managers' Index, which measures operating conditions in largely private companies, registered 50.8 in November, up slightly from the earlier flash reading of 50.4 but weakening a bit from 50.9 in October, according to HSBC Holdings Plc.
A reading above 50 means expansion.
The official Purchasing Managers' Index, released on Sunday by the China Federation of Logistics and Purchasing, stayed the same at 51.4 in November as in October.
Qu Hongbin, chief economist for China at HSBC, said China's manufacturing sector kept relatively steady growth momentum as the final manufacturing PMI was better than the flash reading on the back of faster new business gains.
"However, the renewed contraction of employment and the slower pace of restocking activities call for a continuation of accommodative policy," Qu said. "The modest inflationary pressures leave room to do so."
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ecns [expanded by feedex.net]: 5.3-magnitude quake hits Xinjiang: CENC
ecns [expanded by feedex.net]
ecns
5.3-magnitude quake hits Xinjiang: CENC
http://www.ecns.cn/2013/12-01/90760.shtml
Dec 1st 2013, 08:54
2013-12-01 17:54 Xinhua
A 5.3-magnitude earthquake jolted Xinjiang Uygur Autonomous Region at 4:34 p.m. Sunday (Beijing Time), according to the China Earthquake Networks Center.
The epicenter, with a depth of 9 km, was at 40.3 degrees north latitude and 79.0 degrees east longitude, the center said in a statement.
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ecns
5.3-magnitude quake hits Xinjiang: CENC
http://www.ecns.cn/2013/12-01/90760.shtml
Dec 1st 2013, 08:54
2013-12-01 17:54 Xinhua
A 5.3-magnitude earthquake jolted Xinjiang Uygur Autonomous Region at 4:34 p.m. Sunday (Beijing Time), according to the China Earthquake Networks Center.
The epicenter, with a depth of 9 km, was at 40.3 degrees north latitude and 79.0 degrees east longitude, the center said in a statement.
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ecns [expanded by feedex.net]: Aging China wants fairer, efficient social insurance
ecns [expanded by feedex.net]
ecns
Aging China wants fairer, efficient social insurance
http://www.ecns.cn/2013/12-01/90761.shtml
Dec 1st 2013, 08:59
2013-12-01 17:59 Xinhua Web Editor: Yao Lan
Wang Hong, a 31-year-old woman and stay-at-home mother in South China's Haikou City, is worried about her future pension as she stopped paying social insurance four years ago.
After paying the insurance for five years while at work, Wang quit her hotel job to look after her child. With her child now 3 years old, Wang Hong, not her real name, is looking for a new job. But she is hesitant about paying the insurance she has missed for the past four years.
"I don't know what will happen to my money in a social insurance account with possible inflation and other risks. It feels safer to keep it in my own pocket," she said.
In China, 38 million people stopped paying social insurance this year, either before or after reaching the pension-receiving threshold of 15 years.
Laid-off workers, employees in cash-strapped small companies and migrant workers are the majority of those who have stopped paying the insurance halfway through, according to Cui Peng, a research fellow with People's Insurance Company of China.
Social insurance funds cover basic endowment for senior citizens, basic medicare, unemployment, work-related injury and maternity.
The spending of endowment insurance funds, a key part of social insurance, grew 22 percent in 2012 year on year, while its revenue increased by 19 percent, according to the Ministry of Finance last week. This poses challenges for future pension payments.
According to the Ministry of Human Resources and Social Security, at the end of 2012 about 210 million urban employees paid endowment insurance.
Endowment insurance is paid by staff and the company, 8 percent and 20 percent of his or her wage respectively.
The money from companies is used to meet current pension demands while personal payments are accumulated for his or her own future pension after retirement.
However, as China's population ages, personal payments are often used to supplement growing current pension demands.
According to a research report by Chinese Academy of Social Sciences, by the end of 2011, more than 2 trillion yuan in the personal pension account was transferred to pay retirees.
Since 2011, pilot trials in northern China's Liaoning, Heilongjiang and 11 other provinces have been set up to ensure the personal pension account is untapped. However, little progress has been made due to fiscal problems.
Debate over changing the retirement age, complaints over differentiated insurance policies for government and non-government employees and doubts about the amount in the pension pot have all influenced people to stop paying social insurance halfway through.
A post on a forum on SZnews.com claiming a personal monthly deposit of 500 yuan in a bank would pay better than paying social insurance went viral in early November. It caused public anxiety.
"After thirty years of monthly deposits of 500 yuan, one would receive about 3,400 yuan per month with interest. Why is it necessary to bother the country for our pension?" netizen Wangbufuzhao said in the post.
However, the picture is not that rosy, said Ye Tan, a commentator on economics, citing that inflation, economic cycle fluctuation and other risks may compromise a stable and reassuring post-retirement life.
"The pension system designed by government in theory can provide basic old age care, but current policies' lack of fairness and efficiency has dampened public confidence," Ye said.
"It is impossible to solely rely on the insurance payment of companies and staff to pay all pensions," said Tang Jun, Secretary of Social Policies Research Center with Chinese Academy of Social Sciences.
China has the largest senior population in the world, with 194 million people at or above the age of 60 at the end of last year, according to the China National Committee on Aging.
This age group is expected to grow to 243 million by 2020 and by 2050, one third of the population will be aged over 60.
With an aging society, fewer people are paying social insurance while more people are taking a pension. A government fiscal subsidy and a state-owned capital supplement should be in place to support pension payments, Tang said.
The recently concluded key Communist Party of China meeting proposed to lower the social insurance premium rate and transfer a certain amount of state capital to support social insurance funds.
"As is the case in developed countries, the public should pay a certain amount of income-based insurance and all receive a similar amount as a basic pension, while those who pay more can get more in supplement," Tang said. "The social insurance system should balance fairness and efficiency to motivate and reassure the public."
0)
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ecns
Aging China wants fairer, efficient social insurance
http://www.ecns.cn/2013/12-01/90761.shtml
Dec 1st 2013, 08:59
2013-12-01 17:59 Xinhua Web Editor: Yao Lan
Wang Hong, a 31-year-old woman and stay-at-home mother in South China's Haikou City, is worried about her future pension as she stopped paying social insurance four years ago.
After paying the insurance for five years while at work, Wang quit her hotel job to look after her child. With her child now 3 years old, Wang Hong, not her real name, is looking for a new job. But she is hesitant about paying the insurance she has missed for the past four years.
"I don't know what will happen to my money in a social insurance account with possible inflation and other risks. It feels safer to keep it in my own pocket," she said.
In China, 38 million people stopped paying social insurance this year, either before or after reaching the pension-receiving threshold of 15 years.
Laid-off workers, employees in cash-strapped small companies and migrant workers are the majority of those who have stopped paying the insurance halfway through, according to Cui Peng, a research fellow with People's Insurance Company of China.
Social insurance funds cover basic endowment for senior citizens, basic medicare, unemployment, work-related injury and maternity.
The spending of endowment insurance funds, a key part of social insurance, grew 22 percent in 2012 year on year, while its revenue increased by 19 percent, according to the Ministry of Finance last week. This poses challenges for future pension payments.
According to the Ministry of Human Resources and Social Security, at the end of 2012 about 210 million urban employees paid endowment insurance.
Endowment insurance is paid by staff and the company, 8 percent and 20 percent of his or her wage respectively.
The money from companies is used to meet current pension demands while personal payments are accumulated for his or her own future pension after retirement.
However, as China's population ages, personal payments are often used to supplement growing current pension demands.
According to a research report by Chinese Academy of Social Sciences, by the end of 2011, more than 2 trillion yuan in the personal pension account was transferred to pay retirees.
Since 2011, pilot trials in northern China's Liaoning, Heilongjiang and 11 other provinces have been set up to ensure the personal pension account is untapped. However, little progress has been made due to fiscal problems.
Debate over changing the retirement age, complaints over differentiated insurance policies for government and non-government employees and doubts about the amount in the pension pot have all influenced people to stop paying social insurance halfway through.
A post on a forum on SZnews.com claiming a personal monthly deposit of 500 yuan in a bank would pay better than paying social insurance went viral in early November. It caused public anxiety.
"After thirty years of monthly deposits of 500 yuan, one would receive about 3,400 yuan per month with interest. Why is it necessary to bother the country for our pension?" netizen Wangbufuzhao said in the post.
However, the picture is not that rosy, said Ye Tan, a commentator on economics, citing that inflation, economic cycle fluctuation and other risks may compromise a stable and reassuring post-retirement life.
"The pension system designed by government in theory can provide basic old age care, but current policies' lack of fairness and efficiency has dampened public confidence," Ye said.
"It is impossible to solely rely on the insurance payment of companies and staff to pay all pensions," said Tang Jun, Secretary of Social Policies Research Center with Chinese Academy of Social Sciences.
China has the largest senior population in the world, with 194 million people at or above the age of 60 at the end of last year, according to the China National Committee on Aging.
This age group is expected to grow to 243 million by 2020 and by 2050, one third of the population will be aged over 60.
With an aging society, fewer people are paying social insurance while more people are taking a pension. A government fiscal subsidy and a state-owned capital supplement should be in place to support pension payments, Tang said.
The recently concluded key Communist Party of China meeting proposed to lower the social insurance premium rate and transfer a certain amount of state capital to support social insurance funds.
"As is the case in developed countries, the public should pay a certain amount of income-based insurance and all receive a similar amount as a basic pension, while those who pay more can get more in supplement," Tang said. "The social insurance system should balance fairness and efficiency to motivate and reassure the public."
0)
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