Politics · China · 6 hrs ago

China’s Li Qiang calls for broader, fairer social security coverage

China’s Li Qiang calls for broader, fairer social security coverage

Premier Li Qiang called for China to strengthen its social security system at a cabinet study session in Beijing.

He said population changes, new technology and more varied forms of work are putting new demands on the system.

China’s existing system is large, but the government wants to close gaps and make coverage fairer and more sustainable.

Flexible and newly employed workers are among those needing better coverage, with participation in social insurance to rise gradually.

Li also called for broader access to employer-sponsored retirement plans and more appealing personal pensions.

The government plans to improve other protections too, including health insurance, long-term care insurance and support for people who lose their jobs.

The next steps include expanding coverage and strengthening the system’s long-term funding and oversight.

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Li QiangChinese premier
Demographic shifts, technological advances and increasingly diverse forms of employment are placing greater demands on China’s social security system, as the country’s economic and social landscape evolves
via SCMP