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Academic Journal of Business & Management, 2022, 4(9); doi: 10.25236/AJBM.2022.040915.

Study on countermeasures to promote the healthy development of China's pension industry

Author(s)

Xiangge Min

Corresponding Author:
Xiangge Min
Affiliation(s)

Shandong University of Science and Technology, Institute of Finance and Economics, Taian, Shandong, 271000, China

Abstract

According to the latest data from the seventh national census, the number of people aged 60 and above in China has reached 264.02 million, accounting for 18.70 percent of the total population, indicating that China's population is increasingly aging. There is a contradiction between supply and demand in China's pension industry. The development of the pension industry is slow, and the demand for pension service increases rapidly, resulting in the current situation of insufficient supply. The pension industry develops slowly and the demand for pension service grows fast, resulting in the current situation of short supply. The pension industry system is not perfect, the construction of pillar industries and supporting industries is lacking, and it lags behind western countries. The institutional support is not strong enough, and it is difficult to carry out diversified development. At the same time, the government's support for the pension industry is insufficient, resulting in the unbalanced development of the pension industry. Therefore, this paper analyzes the problems and causes of the pension industry from four perspectives: existing problems, restricting factors, countermeasures of the government and enterprises, and future development, and puts forward specific suggestions for the healthy development of China's pension industry.

Keywords

population aging; Development of pension industry; Contradiction between supply and demand; Government support; Future development

Cite This Paper

Xiangge Min. Study on countermeasures to promote the healthy development of China's pension industry. Academic Journal of Business & Management (2022) Vol. 4, Issue 9: 102-107. https://doi.org/10.25236/AJBM.2022.040915.

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