China's Pension Funds Face Rising Risk
China is facing major strains in its pension system after tapping social security funds to stimulate the economy for the past two years.
On Feb. 26, China's minister of human resources and social security, Zhang Jinan, said the government had paid all of its old-age pensions "on time and in full" last year with increases for 120 million retirees despite concerns about deficits and contribution cuts, the official Xinhua news agency reported.
