China to increase its personal pension plan nationwide – from Monday December 15

China to increase its personal pension plan nationwide – from Monday December 15.

Caixin had a heads up on this:

• China is poised to roll out a non-public retirement account program nationwide after almost two years of trials in choose cities and areas.

• The transfer comes because the nation intensifies efforts to determine a private pension system addressing the challenges posed by a quickly growing old inhabitants.

Xinhua confirming the information now.

That is supportive for Chinese language shares, on the margin.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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