• Most Chinese have not started retirement savings

    A survey has found that many young Chinese have not yet started saving. According to the survey, more than half or 54% of the 28,440 respondents said they have not taken steps to save for their retirement. The poll, called China Pension Outlook Report, was conducted by Ant Financial and Fidelity International. About 95% of the respondents were from China’s first to fourth-tier cities and 75% were young people aged between 18 and 35. The survey also revealed that the respondents’ desired age to retire on the average is 58. They also believe…

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