China eyes full old-age pension coverage by 2015

[xchrom]

http://uk.reuters.com/article/2011/09/23/china-pensions-idUKL3E7KN2MD20110923

(Reuters) - China is aiming to extend old-age pension coverage to all senior citizens by 2015, the government said on Friday, but admitted it would face big challenges dealing with a rapidly ageing society.

Economists and demographers say China will be the first country in the world to age before it gets rich.

Once seen as key to averting an over-population disaster, China's rules restricting family size to usually one child in cities and two in the countryside, now threaten its economic future, many demographers say.

They say there will be fewer people left to pay and care for an increasingly grey population.

[theophilus]

1. Good change for China. Now if we could follow their Progressive example! n/t

[The Velveteen Ocelot]

2. Interesting - China wants to give old people pensions.

Here, at least some people want to take away what we already have.

[dixiegrrrrl]

3. I cannot believe that NO one in china sat down and crunched future numbers

when China put forth their family limiting policy.
I remember reading in our press at the time predictions of the problem that is being reported now, plus the fact that many girls would be aborted so that a son could fill the limited child quota.
And now, there is the problem of too many males and not enough females for marriage.

Anyone who read Paul Ehrlich's The Population Bomb in the 70's could have predicted this...hell, DID predict this.

[NNN0LHI]

4. And ours are being cut

Because the workers who manufacture the imported crap Americans like buying don't contribute to our social programs like SS, Medicare and Medicaid.

Imagine that.

Don