China will face financial pressure to cover the growing population of senior people with its social insurance funds, a government official said on Monday.
Chen Liang, an official with the Ministry of Human Resources and Social Security (MoHRSS), told an international symposium that the country needs to increase financial input into the funds and diversify investment channels to enhance returns.
To tackle the payment pressure, Chen, the director of the Social Insurance Funds Management Department under the MoHRSS, said China has to preserve and increase the value of its social insurance funds and ensure the sustainability of its policies.
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Xinhua via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/4r06ysU3gss/
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