China's Pension Reform and Economic Stimulus

China's economy is facing a problem where people are not spending enough money.

This is causing prices to fall, which makes it hard for businesses to find customers.

The government is thinking about ways to help, like giving more money to older people through pensions.

Right now, many people save a lot of their money instead of spending it, partly because they are worried about the future.

The government has started some programs to encourage people to save for retirement, but not many people are using them.

Some experts think the government should do more to help people, like increasing pension payments, which could make people spend more money and help the economy grow.

However, the government is being careful and not making big changes quickly.

For now, many people, like Mr. Li, are not sure if they will have enough money when they retire and might have to go back to farming.