The big picture: how China's NSSF is taking the lessons of a 2021 slump to invest long
China’s pension investment is becoming more sophisticated, say analysts, as managers pivot to long-term investments such as biotech and new energy.

China’s National Social Security Fund (NSSF) - dubbed the first pillar pension system - is allocating more assets to external fund managers while adding focus to long-term investment, including new energy manufacturing, biotechnology, and capital goods.
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