Updated
Updated · Reuters · Nov 12
Li Qiang Urges Broader Social Security Coverage for 200 Million Flexible Workers
Updated
Updated · Reuters · Nov 12

Li Qiang Urges Broader Social Security Coverage for 200 Million Flexible Workers

3 articles · Updated · Reuters · Nov 12

Summary

  • Beijing signaled a social-welfare overhaul after Premier Li Qiang called for broader, fairer and more sustainable social security coverage at a State Council study session.
  • Li said demographic change, technological shifts and new forms of employment are creating fresh demands, pushing China to adapt benefits to a changing labor market.
  • Flexible and non-traditional workers were a key focus, with Li urging gradual expansion of their social insurance coverage and faster efforts to close gaps in the system.
  • He also called for wider access to employer-sponsored retirement plans and for voluntary personal pension schemes to be made more attractive to the public.

Insights

Can China close the massive 14-fold pension gap between urban and rural residents before its pension fund runs dry by 2029?
Why are millions of Chinese gig workers actively avoiding the very pension schemes designed to protect their future?