Free Trial

Basic Pension Increased By 3.8% - Government

CHINA PRESS
MNI (BEIJING)

China will raise its basic pension by 3.8% above 2022 levels, according to the Ministry of Human Resources and Social Security and the Ministry of Finance. Retirees will benefit from the new pension amount being backdated to January 1, 2023. According to China Daily, the measure comes after the State Council this week issued a proposal for increasing elderly care support. Policy makers proposed broadening the coverage of the basic pension, more support for nursing, and further subsidies for elderly care infrastructure. (Source: China Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.