Several issues in reform and development of China’s old-age security system

WANG Yanzhong

Chinese Academy of Social Sciences

Abstract:
Since China’s reform and opening to the outside world, especially since the mid-1990s, China’s social security system has undergone a number of reforms and adjustments. We can say that the basic framework of social insurance system had been established, but it is still facing many difficulties such as small coverage, high payment rates, “empty” individual accounts, etc. The question is whether China will choose the proper way from so many suggestions inside and outside China to solve the above issues. I will analyze some important issues on pension reform and old age security system construction and give my own view in this paper.
Key words: pension reform, old age security system, problems and solutions

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