This article discusses the evolution of the social security system in China since the opening-up policy of 1978 and reviews the framework of the partially funded scheme or what is known as the system of combining a social pool with individual accounts. It argues that, although the partially...

This paper analyzes institutional defects in the Chinese social security system, based on irregularities in social security funds revealed in the Audit Report by the China National Audit Office. The author divides the irregularities into five categories according to the nature of fund use. The...