Stock investment by pension funds proposed

New measures including lotteries are being introduced to top up the deficit-ridden pension system in China.

Gambling and stock investment the former seems to be a safer bet for the Chinese government to boost its pension coffers than investing.

From 6 October, once a week for 15 weeks, mainlanders will be able to buy the hope of winning Rmb1 million $120,000 in prize money from banks and shops selling lottery tickets, a capital idea whipped up by the government to help pay the 600,000 pensioners and 700,000 unemployed who last year officially did not receive...

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