A recent report from insurer AIA says that China's growing middle class believe on average, they will require $1.79mn for a comfortable retirement, which appears staggering when set against the current average savings rate in China. The Chinese government has been trying to encourage more people to save and invest since it launched its new pension system last year.
A recent report from insurer AIA says that China's growing middle class believe on average, they will require $1.79mn for a comfortable retirement, which appears staggering when set against the current average savings rate in China. The reason for this optimism stems from a high lifestyle expectation by China's middle class which is forcing them into investments that offer greater returns.