Unified pensions planned

Article Abstract:

The Chinese government in the late 1990s is developing a new pension system to meet the needs of its rapidly increasing elderly population. More than 130 million people over 60 years of age will live in China by the year 2000. Twenty-five percent of Chinese people will be over 60 in 2050. Pension reforms begun in the 1980s aim to provide a pension to all elderly Chinese, no matter where they had worked, but there are disparities among those who worked for the state, in private corporations, and on farms. Greater pension coverage exists for state employees.

Demographic aspects, Pensions, Demographic surveys

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Serving the cyber masses

Article Abstract:

China has shown robust interest in the Internet. Although approximately 1% of Chinese own personal computers, Chinese organizations are rapidly entering the World Wide Web as a means to utilize the international marketplace. Web sites have been set up for Liu Shaoqui, the Communist Party's former president, for live court hearings, for the music industry and others. Regulatory bodies are anticipating the effects of electronic commerce.

Social aspects, Usage, Internet

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Agencies win little credit

Article Abstract:

The collapse of Guangdong International Trust and Investment Corporation (Gitic) may signal further downturns in China's credit ratings. Although negative forecasts by international ratings agencies have been based on the nation's deteriorating economy, they have been criticized by the nation's financial services industry as inaccurate or premature, as the agencies lack an internal research base within China.

Financial services industry, Finance, Financial services, Credit ratings, Rating agencies (Securities)

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