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China Is No Country for Old Age
Reuters in The New York Times; registration may be required 
[Opinion] Feb. 18, 2013
"Since 2009, when China enacted a nationwide program of rural pensions, some 325 million Chinese have been promised retirement benefits. That's more than the entire population of the United States.... The share of China's population over the age of 60 is now 185 million, and will nearly double by 2030. A recent study estimated that over the next 20 years, the government will have accumulated $10.9 trillion in pension liabilities."
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