Xi Jinping on Social Security

	Xi Jinping on Social Security

Improve public services and pensions for older citizens

China's billionaires won't determine the success of Xi's drive to narrow a worrying wealth gap. The country's hundreds of millions of retirees, most of them dependent on penurious pensions, just might. China needs to improve public services that will increasingly be required by the elderly in underserved rural areas, including day centers. Xi's common prosperity push has included visits to just such centers, with comments on the party's responsibility to ensure happy lives for older citizens. Source: Clara Marques, "Decade in Power" in Bloomberg News , Nov 10, 2021

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Page last updated: Mar 03, 2022