China's Social Security: Current Status and Future Direction by Katayama Yuki (Researcher, Insurance Research Dept. NLI Research Institute)
It has been announced that the total population in China in 2022 has decreased. With the declining birthrate, aging population, and increasingly severe fiscal constraints, how is China planning to make its social security system, including old-age security, sustainable in the future? In the following, we examine this issue from the perspectives of population, finances related to social security, and the use of the private insurance market.