With the expansion of its personal pension program in December, China is trying to encourage savers to increase their thus-far paltry contributions and put more of their money into investments that better match their tolerance for risk.
Policymakers expand range of investments approved for personal retirement accounts
China's rapidly aging population has left a smaller workforce to support a growing number of pensioners. © Reuters
With the expansion of its personal pension program in December, China is trying to encourage savers to increase their thus-far paltry contributions and put more of their money into investments that better match their tolerance for risk.