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China plans $1.72bn national pension company

17 financial institutions to take stakes as Beijing deals with aging population

China faces a pensions crisis as the population grays, the working-age cohort shrinks and the fertility rate slides, data from the country's latest census revealed in May.   © Reuters

China plans to set up a national pension company in Beijing with registered capital of 11.15 billion yuan ($1.72 billion) as the country's population rapidly ages.

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