The same is true of China’s retirement system: the workforce’s enrollment rate is around 50%, but only $600 of assets per worker (in national, local government, and private pension schemes, combined) are available to cover lifetime retirement benefits. Little wonder that Chinese families, fearful of such an uncertain future, save to excess.
中国的退休制度也是这样：劳动力退休注册率为50%左右，但每位工人只能获得600美元（中央、地方和私人养老金之和）的资产作为一生的退休福利。毫不奇怪，担心充满不确定性的未来的中国家庭要过度储蓄。资金充裕的安全网可以大大改变导致这一行为的期望。