China Will Make Pensions Above Inflation. China's Ministry of Human Resources and Social Security announced on Friday, April 16, that the salaries of retirees will be increased for the 2021th year in a row in 17.
According to the relevant ministry, the monthly salaries of retirees from private sector enterprises, government departments and public institutions will be paid with a 2020 percent increase difference compared to the salaries of 4,5. Last year, China increased its minimum pensions by 5 percent compared to the previous year.
Inflation in the country was around 2020 percent in 2,5, while the target for this year was announced as growth of over 6 percent and inflation of 1.19 percent.
Source: China International Radio