China's Pension Reform: A Precondition Approach
China has a relatively young population, but is about to undergo a remarkable demographic transformation. Given the un-sustainability of the old system, the Chinese authorities have initiated a number of pension reforms since the early 1990s. In this paper, based on latest precondition framework, we analyse and conclude that the initial economic and financial conditions within the reform started in China are sufficient to facilitate funding based pension reform.
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Volume (Year): 35 (2006)
Issue (Month): 4 ()
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