Study published in Communist Party magazine calls for reform of Chinese social security

A recent study published in the Communist Party's journal highlights significant inequalities in China's social security system, advocating for pension reforms. It suggests reducing public sector pensions while increasing those for farmers, addressing historical disparities. The authors emphasize the need for equal health insurance coverage and propose raising social spending to 20% of GDP by 2035. They argue that current pension levels for urban workers far exceed those for rural residents, exacerbating income inequality. The study calls for a unified approach to social security to achieve the goal of common prosperity championed by President Xi Jinping.