China Social Security

This book reviews the development of China’s social security system from 1949 onwards and analyzes its features in each stage.

This book reviews the development of China’s social security system from 1949 onwards and analyzes its features in each stage.

This book systematically reviews the development of social policy since the establishment of the People’s Republic of China. As such, it begins by investigating the establishment of the Insurance System in the early period, then moves on to the planned economy period, the Cultural Revolution period, and the Reform and Opening Up period, characterized by efforts to adapt to a market economy.

This book provides comprehensive analysis and descriptions of China’s ageing finance system .China is undergoing the larges, fastest and longest process of population ageing in the world. It becomes a pressing challenge to Chinese social security system in this era. Many developed countries have been going through this process. Pension and other financial tools have been studied and practiced for decades. China now is developing its own ageing finance systems by learning from other countries’ experiences and making innovations to suit the country’s request. Finance, a field that deals with the study of investments and the science of money management, is the most important tool to manage this situation.