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Graying China sinks pensions under critical line in more provinces

Shrinking reserves and demographic time bomb build pressure for reform

Elderly people exercise in a Beijing park. The government has contributed heavily to China's pension system in order to make up for a growing deficit.   © Reuters

BEIJING -- China's pension reserves have fallen below a key government threshold in a majority of provinces, as growing deficits from a rapidly aging population threaten the system's long-term viability.

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