China, EU focus on social security schemes

Stockholm, SWEDEN: Establishing a multi-tier pension system may be better at reducing investment risks of pensioners, especially during a financial crisis, experts at the two-day European Union-China high-level roundtable on social security concluded on Friday.

The roundtable, organized by the EU-China Social Security Project, is one of the flagship cooperation projects between the two sides.

At the fourth roundtable talks in Stockholm last week, officials and experts discussed how to manage social security in periods of economic uncertainty, especially the impact of the global economic downturn on the labor markets and on individual pension accounts.