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
Table of Contents
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
13.0 References
- Quote paper
- Dr. Francis Mulenga Muma (Author), 2011, Social Security and Pension System in China, Munich, GRIN Verlag, https://www.grin.com/document/198361
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