More than 1,000 workers and pensioners in the northern Chinese city of Liaoyang were grandstanding with security forces on the 17th of this month over unpaid monies stretching as far back as two years.
Just over 600 miles away, in Beijing, Tian Xiaobao, an official from the Ministry of Labour and Social Security, was addressing the cream of the financial world in one of the year's largest financial pow-wows.
The topic The Reform and Development Prospects for China's Pension Insurance System.
The protesting Liaoyang pensioners are owed individually about 70 yuan $8.50 a month. But collectively, across China, the government needs at least Rmb$1.8 trillion $217 billion just to keep the current...