Chinese pensioners least prepared for retirement

09:04, January 21, 2011      

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Chinese mainland residents are least prepared in Asia in retirement capital, an industry survey showed yesterday.

About 42 percent of mainland respondents said they rely on themselves for retirement while the remaining 58 percent said they depend on government or employers for their retirement capital, said HSBC Life Insurance in a survey yesterday.

Chinese mainland residents have the highest savings rate by deposits, representing 45 percent of their monthly salary, according to the survey.

Source: Shanghai Daily
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