Hong Kong media: Mainland bombing would not solve the pension deficit

Reference news, August 7, local media said, mainland China's policy makers are facing a rapidly ageing and workforce reduction problems. They have improved since the 50 's of the last century since the official retirement age.

Hong Kong's South China Morning Post website published on August 1, said the article in mainland China, this is a sensitive issue, because the people here have long been dependent on Government and their families in old age. Pensioners dependent on State funding in mainland China than in most other countries. For observation and investors from China, however, is taking a responsible attitude from the Mainland to solve the huge deficits of individual pension accounts, this would be a good thing.

Article said that mainland workers have become accustomed to growing prosperity. However, as the changing approaches, there has been reports highlight reform needs. For example, statistics showed that by mid-century, nearly 4 out of 10 mainland Chinese people over the age of 60.

Therefore, the extent to which mainland China hold this put pressure on pension systems around the world "new normal"? The answer seems to be, hold very well. HSBC last week released of a items survey future of retired life: generation and course displayed, China mainland of on-the-job personnel than "Shang generation people" (refers to of is now has retired of crowd) more out 14 years of reserves time, this equivalent to so average has 23 years of time planning retired, and "Shang generation people" of average retired age for 55 age, savings years average for 9 years.

This is highest between the two generations in the world of the "pension gap", but this does not necessarily mean a longer period of time. Mainland Chinese incumbent 13 earlier than their parents ' generation who started saving for retirement. This provides hope for old-age insurance system in China, and represents the transformation of mode of thinking of retirement.

Article said that domestic staff on how to plan their retirement funds can also be seen in the shift. Although some people still expect the country's help, but many people are increasingly turning to their employers providing defined benefit pension plans and savings plans or stock, and so on.

The paradigm shift is the most pessimistic commentators questioned one of the reasons. These commentators believe that demographic time bomb will make mainland China's economic growth ground to a halt. Staff in mainland China are usually very late to begin saving for retirement is one of the reasons that they save for themselves only children to complete their education.

Better education, improved productivity and the move is expected to help upgrade the living standards of incumbents. By the year 2030, retirees have the ability to free up hundreds of billions of dollars of growth, thereby helping to mitigate the effects of an ageing population.

Article said that with responsible policies, demographic changes, coupled with the transition to a more efficient economy, mainland China's demographic time bomb may just cry a cry went out, rather than a bang.

(Editors: Dou Yuan UN833)
2016-08-07 01:14:28
Reference news

港媒：内地人口炸弹不会响 正解决养老金赤字

　　参考消息网8月7日报道 港媒称，中国内地的政策制定者正面临着迅速老龄化和劳动力缩减的难题。他们提高了自从上个世纪50年代以来就实行的官方退休年龄。

　　香港《南华早报》网站8月1日刊登文章称，在中国内地，这是个敏感问题，因为这里的人们长期以来一直依赖于政府和他们的家人来养老。中国内地退休者对国家资助的依赖程度大于其他大多数国家。但对观察中国内地人士和投资者来说，内地正在采取负责任的态度来解决个人养老金账户的巨额赤字，这无异于一件好事。

　　文章称，中国内地在职人员已经习惯于日益繁荣。但是，随着变化的临近，多年来一直有报道重点突出了改革的需求。比如说，统计数字显示，到了本世纪中叶，10个中国内地人中就有近4个超过60岁。

　　因此，中国内地在多大程度上把握住这个给世界各地的养老金体系施加压力的“新常态”呢？答案似乎是，把握得很好。汇丰银行上周发布的一项调查《未来的退休生活：世代和历程》显示，中国内地的在职人员比“上一代人”（指的是现在已经退休的人群）多出14年的储备时间，这相当于因此平均有23年的时间规划退休，而“上一代人”的平均退休年龄为55岁，储蓄年限平均为9年。

　　这是世界上两代人之间最高的“退休差距”，但这并不一定意味着工作更长的时间。中国内地在职人员比其父母那一代人早13年开始为退休储蓄。这给中国的养老保险制度提供了希望，代表着退休思维模式的转变。

　　文章称，从中国内地在职人员如何计划自己的退休资金中也可以看到这种转变。虽然一部分人仍然期待国家的帮助，但许多人正日益转向其雇主提供的固定福利养老金计划以及储蓄计划或者股票等等。

　　该模式的转变只是对最悲观的评论人士的说法提出质疑的原因之一。这些评论人士认为，人口定时炸弹将令中国内地经济增长陷于停顿。中国内地在职人员通常很晚才开始为退休储蓄的一个原因是，他们只有在子女完成学业之后才为自己存钱。

　　更好的教育，提高生产率以及迁移行动有望帮助提升在职人员的生活水平。到了2030年，退休人员有能力释放上万亿美元的增长，从而帮助缓解人口老龄化的影响。

　　文章称，有了负责任的政策方针，人口转变，再加上过渡到更高效的经济体，中国内地的人口定时炸弹可能只是呜咽一声便熄灭，而不是发出一声巨响。

 

(责任编辑：窦远行 UN833)
2016-08-07 01:14:28
参考消息