CHINA Pension Disaster #shorts #china #chinaeconomy
Video Summary
China’s pension system is facing a major crisis as it struggles to provide for the growing number of retirees. With a retirement age as low as 50 for women in certain industries, over 350 million people have already retired, putting a significant strain on the system. The problem is further exacerbated by China’s rapidly aging population, which is largely a result of the one-child policy introduced in 1980. As the population ages and the number of people entering the workforce decreases, the country is facing a significant challenge in finding the funds to support its pensioners. It’s estimated that by 2035, China will no longer be able to pay all its pension obligations, leading to a major economic crisis. The country is at a critical crossroads, and finding a solution to this problem will be crucial for its economic future.
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