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February 19, 2013

China's Looming Old-Age Pension Crisis

Mark Frazier, New York Times

AP Photo

Americans who fret about the wave of baby-boomer retirements should consider this: Since 2009, when China enacted a nationwide program of rural pensions, some 325 million Chinese have been promised retirement benefits. That’s more than the entire population of the United States.

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TAGGED: China

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