China’s young workers opting out of state pension plan

Staff Writer
Sat, 11 Jan 2025 04:06:11 +0000
Asia, Economy, pension, workers

China’s pension system is under mounting pressure as millions of young workers opt out of contributing to the state pension plan, reports Bloomberg. Social media influencer Gao Pengcheng, 22, sees no reason to contribute. Living in Shenzhen and selling baked goods and cosmetics online, Gao refuses to contribute to the optional pension fund, believing it …