Quotable

"Under the current pension system, a worker may not be able to afford a simple meal after 15 years when he or she retires."

Zheng Bingwen, head of the Global Pension Fund Research Center at the Chinese Academy of Social Sciences, talking about the financial risks of the current pension system. He said that a worker living in a medium-sized city will not be able to afford living expenses after 15 years because the pension fund is relatively low.