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Six challenges facing China's pension reform

China says 98% of its elderly received pensions last year. But were they paid on time and in full?
More than 1,000 workers and pensioners in the northern Chinese city of Liaoyang were grandstanding with security forces on the 17th of this month over unpaid monies stretching as far back as two years. Just over 600 miles away, in Beijing, Tian Xiaobao, an official from the Ministry of Labour and Social Security, was addressing the cream of the financial world in one of the year's largest financial pow-wows. The topic? The Reform and Development Prospects for China's Pension Insurance…
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