China Slowdown Deepens Looming Pension Crisis - News Summed Up

China Slowdown Deepens Looming Pension Crisis


SHENYANG, China—Here in the northeast rust belt, ailing industries are increasingly less able to pay into plans for retiring workers, as a slowing economy hastens a pension crisis. “It used to be the system took care of you,” said Zhao Zhonghao, a railway engineer in Shenyang who began his career shoveling coal. The 54-year-old is revising his retirement dream of painting, traveling and reading the classics, concerned his pension...


Source: Wall Street Journal November 03, 2016 09:33 UTC



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