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Why Millions of Young Chinese Are Refusing to Make Pension Payments

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Manage episode 459888556 series 3611888
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Qianwei Zhang about why workers are boycotting the system and what’s at stake for the struggling economy and the Communist Party.

Further listening: China’s Crackdowns Are Crushing the Dreams of a Generation
Watch, from Bloomberg Originals: Why Are China’s Youth Boycotting Pensions?

See omnystudio.com/listener for privacy information.

  continue reading

66 episodes

Artwork
iconShare
 
Manage episode 459888556 series 3611888
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it.

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Qianwei Zhang about why workers are boycotting the system and what’s at stake for the struggling economy and the Communist Party.

Further listening: China’s Crackdowns Are Crushing the Dreams of a Generation
Watch, from Bloomberg Originals: Why Are China’s Youth Boycotting Pensions?

See omnystudio.com/listener for privacy information.

  continue reading

66 episodes

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