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In Depth: Why China’s Workers Aren’t Saving Enough for Retirement

By Zhou Xinda and Lu Zhenhua
2026年03月13日 18:47
With a heavy reliance on a strained public safety net and a deep reluctance to invest privately, Chinese citizens may burn through their savings before reaching their golden years

“How much money do I need to save to support my retirement?” This anxious question has increasingly become a refrain among young Chinese workers.

International norms generally dictate that to maintain pre-retirement standard of living requires at least a 70% income replacement rate — the ratio of a worker’s pension to their salary. In China, that rate is hovering around 50%.

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