China’s state pension will likely be exhausted by 2035, with a shrinking workforce and ever increasingly aged population, according to a report by Chinese Academy of Social Sciences released on April 10.
The report predicted that China’s institutional support rate for retirees will double in the next 30 years. The country currently has a reserve of 106 billion yuan ($16 billion). It is predicted to peak in 2027 to 7 trillion yuan ($1.0 trillion), and then start to have net outflow in 2028 until the funds dry up in 2035.
