CHINA - US's Cato Institute is to visit Beijing on November 8, 2001 to sponsor a forum on China's pension system. The forum, entitled ‘China's Pension System: Crisis and Challenge', will be cosponsored by the China Centre for Economic Research and will be attended by Cato's founder and president, Edward Crane, governor of the Bank of China, Lui Mingkang and US federal reserve chairman Alan Greenspan.
The Cato Institute said more and more countries are abandoning their traditional pay-as-you-go systems and allowing workers to invest their retirement funds in private capital markets. “No discu...
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