Addressing the Need for Changes in China's Social Contract for the Elderly
Tuesday, 9 April 2024, 12:30
Addressing the Need for Changes in China's Social Contract for the Elderly
Chinese policymakers are urged to enhance the social safety net, particularly in pensions and healthcare, for the growing aging population. It is crucial to expand the tax base in a fair and progressive manner to boost revenue for supporting the elderly.
Key Points:
- Focus on building out the social safety net for pensions and healthcare.
- Increased taxes are necessary to support the aging population.
- Revenue generation should be fair and progressive.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.