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What exactly is China's elderly pension and care system?

What exactly is China's elderly pension and care system?
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Dong Keyong , School Of Social Sciences At Tsinghua University , Tough Question , Social Sciences , Tsinghua University ,

Ageing China boosts private sector role as pensions time bomb ticks


Ageing China boosts private sector role as pensions time bomb ticks
Reuters
1 hr ago
BEIJING, May 20 (Reuters) - China is tweaking its $1.2 trillion pension system to increase private sector involvement as its population ages rapidly and underfunding looms, but experts say fundamental changes are needed to provide adequate safety nets.
The China Banking and Insurance Regulatory Commission (CBIRC), the country s top banking and insurance regulator, said at the weekend that it is expanding a pilot program of private pensions into two more regions - Chongqing and Zhejiang province.
And sources with direct knowledge of the matter told Reuters CBIRC is also considering endorsing a list of private pension funds and appointing a group of professional managers to run them under a new scheme. ....

Zhang Yan , United States , Dong Keyong , Zheng Bingwen , Xiao Yuanqi , Muralikumar Anantharaman , Cheng Leng , Lou Jiwei , People Insurance Company Of China , Chinese Academy Of Social Sciences , China Pacific Insurance Group , Tsinghua University , Insurance Regulatory Commission , China Banking , Chinese Academy , Social Sciences , Insurance Company , Pacific Insurance Group , Chairman Xiao Yuanqi , Boao Forum , Ryan Woo , Beijing Newsroom , ஜாங் யான் , ஒன்றுபட்டது மாநிலங்களில் , செங் லெங் , மக்கள் காப்பீடு நிறுவனம் ஆஃப் சீனா ,