Understanding China, One Blog at a Time

An American in China

China to Increase Social Security – One Hunderd U$ per Person

Posted by w_thames_the_d on April 12, 2010

They will increase it from the current 139 billion dollars which means that it currently is worth about   1.3billion people / 130 billion dollars =100 per head

BOAO, Hainan — China’s national Social Security Fund (SSF) will be more than doubled to 300 billion US dollars in 2015, the SSF chief Dai Xianglong said Sunday.

The fund’s current size is 130 billion US dollars, Dai said at the annual conference of Boao Forum for Asia in south China’s island province of Hainan.The SSF is ready to invest in unlisted companies and private equity funds, said Dai, chairman of the National Council for Social Security Fund.

Dai, also the former central bank governor, said China needs not only to attract foreign investment but also to expand channels for overseas investment as the country’s foreign exchange reserves have risen to 2.4 trillion US dollars.

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