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Thread: Wealth gap may hinder China's economic growth!
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[quote=JIMMYB,337786]The wealth gap has been a serious problem for China for a long time. According to FT, a UN-sponsored survey says that the gap between the rich and the poor might hinder China's economic growth. Chinese government should provide basic public services to the poor and the underdeveloped areas. Chinese people are worried about if the government is capable of providing for retirement, health care and education so they save money for themselves and their children. A few days ago, Chinese government announced to delay the retirement age from 60 to 65 and this arouses a controversy. Many people worry that the government couldn't offer enough pension after they retire. Some guys even say that it is no use to pay old-age insurance. Why? They are not sure if they can live long enough to 65 years to get the old-age insureance.[/quote]
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