China is proposing the creation of a commercial pension insurance . The plan aims to create a regulated system by 2020 , providing benefits to individuals , families , and employees . The system will complement the existing social pension system , offer services for the elderly and augment financial security and economic stability .
China is expediting the creation of a commercial pension insurance. The government aims to create a regulated system by 2020, offering help to individuals, families, and employees. The insurance will complement the existing social pension system, offer services for the elderly and augment financial security and economic expansion.