Social security is a government program that provides assistance to underprivileged persons. A system corresponding to the level of economic development is a logical requirement for coordinated economic and social development of any country. Initially China’s Social Security system was very poor, even today to some extent it is still bad. China is one of the biggest country with a largest population in the world and its economy being weak at a time, its social security was not well organized, but now the economy is getting stronger and is the second largest economy in the World, second to USA. Within 20 years it is projected to take over from USA. With this development, China needs to organize itself well, as far as social security is concerned.
Even though China has tried to put a comprehensive social security system in place, accessibility is still low, as some places such as the rural areas do not have most of social security programs offered to their counterparts in urban areas.
Keywords: Financial Liberalization, Integrity of the Market.
JEL codes: F31
Inhaltsverzeichnis (Table of Contents)
- Abstract
- 1.0 Introduction
- 2.0 Old-Age Insurance
- 3.0 Unemployment Insurance
- 4.0 Medical Insurance
- 5.0 Insurance for Work-related Injuries
- 6.0 Maternity Insurance
- 7.0 Social Welfare
- 8.0 Special Care and Placement
- 9.0 Social Relief
- 10.0 Housing Security
- 11.0 Social Security in Rural Areas
- 12.0 Observations
- 13.0 Conclusion
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This article examines the evolution and current state of the social security system in China. The author analyzes the various components of the system, including old-age insurance, unemployment insurance, medical insurance, and other social welfare programs.
- Development and implementation of social security reforms in China
- Social security as a tool to stabilize national life and promote economic development
- Challenges and disparities in access to social security programs, particularly in rural areas
- Impact of social security reforms on financially troubled state-owned enterprises
- The role of social security in addressing social vulnerabilities and promoting social stability
Zusammenfassung der Kapitel (Chapter Summaries)
- 1.0 Introduction: This chapter introduces the concept of social security and its significance in the context of economic and social development. It highlights the objectives of social security reforms in China, namely to stabilize national life and support the reform of state-owned enterprises.
- 2.0 Old-Age Insurance: This chapter focuses on the old-age insurance component of the social security system, discussing its structure, funding mechanisms, and challenges.
- 3.0 Unemployment Insurance: This chapter examines the unemployment insurance system, outlining its purpose, eligibility criteria, and benefit structure.
- 4.0 Medical Insurance: This chapter explores the medical insurance program, including its coverage, financing, and access issues.
- 5.0 Insurance for Work-related Injuries: This chapter discusses the system for insuring workers against work-related injuries, detailing its benefits and procedures.
- 6.0 Maternity Insurance: This chapter examines the maternity insurance program, focusing on its benefits, eligibility, and financial aspects.
- 7.0 Social Welfare: This chapter explores the broader social welfare system, including programs that address poverty, disability, and other social needs.
- 8.0 Special Care and Placement: This chapter examines programs for providing special care and placement for vulnerable individuals, such as children, the elderly, and people with disabilities.
- 9.0 Social Relief: This chapter discusses the social relief system, which provides assistance to individuals and families in temporary or long-term financial distress.
- 10.0 Housing Security: This chapter explores the housing security system, examining programs that address affordability and access to housing.
- 11.0 Social Security in Rural Areas: This chapter focuses on the challenges and disparities in access to social security programs in rural areas compared to urban areas.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this article include social security, social security system, China, economic development, social stability, social vulnerabilities, reforms, old-age insurance, unemployment insurance, medical insurance, work-related injuries, maternity insurance, social welfare, rural areas, urban areas, state-owned enterprises, and accessibility.
- Quote paper
- Dr. Francis Mulenga Muma (Author), 2011, Social Security and Pension System in China, Munich, GRIN Verlag, https://www.grin.com/document/198361
