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Top related persons:
Erica Tay - 2 Tay - 2 Tianchen Xu - 2 Xu - 2 Maybank's Tay - 2 Bruce Pang - 1 Yue - 1 Leren Lu - 1
Top related locs:
China Fuyang JLL Beijing Asia South Korea Japan East
Top related orgs:
CNBC - 2 Economist Intelligence Unit - 2 Getty - 1 Maybank Investment Banking Group - 1 Oxford Economics - 1 Academy of Social Sciences - 1 China's Ministry of Human Resources - 1 Social Security - 1

Search resuls for: "Maybank's Tay"


2 mentions found


☆ China raising its retirement age may be unpopular but it's much needed, analysts say
  + stars: | 2024-09-13 | by ( Anniek Bao | In | ) www.cnbc.com   time to read: +4 min
Economists have long called for an overhaul of the nation's retirement age laws, currently among the world's lowest, which was set in an era of lower life expectancies. Raising the retirement age would help ease local governments' pension pool cash crunch, Sheana Yue, an economist from Oxford Economics said. Still, "more needs to be done to improve retirement adequacy," Maybank's Tay said, while stating that China needs a stronger pension plan and diversified investment avenues to ensure sustainable retirement savings. China's Ministry of Human Resources and Social Security has added a few tools for citizens to check their indicated retirement age on its website and mobile app. China may roll out "another round of delay in the late 2030s, especially if China's pension fund balance is tight," Xu cautioned.
Persons: Erica Tay, Tay, Bruce Pang, Tianchen Xu, Xu, Yue, Maybank's Tay Organizations: Getty, Maybank Investment Banking Group, CNBC, Economist Intelligence Unit, Oxford Economics, Academy of Social Sciences, China's Ministry of Human Resources, Social Security Locations: Fuyang, China, JLL, Beijing
☆ China faces economic headwinds as it grapples with an aging — and shrinking — population
  + stars: | 2024-07-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com   time to read: +6 min
Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.
Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank
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