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Top related persons:
— - 1 Sabrina Luk - 1 Shaun Rein - 1 Luk - 1 It's - 1 Gu Qingyang - 1 CASS - 1 it's - 1
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Beijing France China Xiaohongshu Weibo Singapore Shanghai Asia
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Service - 1 Business - 1 Nanyang Technological University - 1 China Market Research Group - 1 Academy of Social Sciences - 1 National University of Singapore - 1 Louis - 1

Search resuls for: "Sabrina Luk"


2 mentions found


☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
  + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +7 min
But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
☆ China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start
  + stars: | 2023-02-20 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +11 min
By 2040, it's expected to have 400 million people above the age of 60 — more people than in the entire US. "It's obvious that relying on contributions from medical insurance schemes to fund age care services is not likely to be viable in the longer term," she said. Alzheimer's is quickly rising as a concern in China, Luk said. "Is China aging rapidly? Beijing has been pressuring the private sector into building daycare centers, wards, and other age care infrastructure to shore up gaps in local government finances, Gu said.
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