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The Chinese Government recently took a significant step forward in improving its social safety net: A pension program benefiting the country’s 50 million unemployed urban residents was launched on July 1.The new program, covering unemployed urban residents above the age of 16, excluding students, will be implemented in 60 percent of the country’s cities and townships this year. Starting in 2012, it will be effective across the country.By then, the country’s pension umbrella will cover the last demo
The Chinese Government recently took a significant step forward in improving its social safety net: A pension program benefiting the country’s 50 million unemployed urban residents was launched on July 1. The new program, covering unemployed urban residents above the age of 16, excluding students, will be implemented in 60 percent of the country’s cities and townships this year. Starting in 2012, it will be effective across the country. BY then the country’s pension umbrella will cover the last demo