Why China should simplify its pension oversight
As Beijing seeks to expand its pension system it will need to find ways to simplify how the system is managed, instead of maintaining the set of watchdogs that currently have a say.
As China seeks to improve the amount of retirement savings in the country, the government will need to bolster savings in its second and third pillars. Doing so would create cost savings and product synergies and maximise the effectiveness of the entire pension system.
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