Contemporary pension systems face a major fiscal challenge. In China, whose population has been aging rapidly, such a challenge is of extreme importance. This article finds that, in China, the cumulative funding gap in pensions should be 2022.34billion Yuan until 2020, and 71731.94billion Yuan...

The most populous country in the world, China faces immense socio-economic challenges providing adequate pensions to its growing elderly population. In that country, pensions available to older people vary considerably across the country's various pension schemes. This paper calculates the...