An Introduction on China’s Senior Pension Mechanism

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While China’s aging population rapidly grows in recent years, combining with raising expanse for living, more and more people are concerning about their retirement fund—how they can support themselves on medical expenses and elderly care? In this article, the author is trying to illustrate two financial sources people may resort to while seeking for financial support for elderly care and medical expense, which are welfare-financed and commercial-financed pension.

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