|Wang Jianmao (Photo credit: Fantake)|
Wang Jianmao, a professor of economics from China Europe International Business School, ... expressed concern that the shortfall would become more serious as the country's elderly population increases and private firms look for ways to evade paying into the social security system on behalf of their staff.
The country's one-child policy has slowly been eroding the labor pool since the early 2000's and has obviously reduced the number of workers contributing financially to China's retirees, Wang said.
Also, as companies in China shoulder a growing proportion of the nation's social security burden, private firms can be expected to circumvent pension regulations as slowing economic growth reduces their revenues, Wang said.More in the People's Daily.
Wang Jianmao is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.
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