Feb 24 - China’s Urban Social Safety Net Will be Expanded in 2012

Source: Xinhua, ChinaScope Financial (Data)

+       HU Xiaoyi, Vice Minister of the Ministry of Human Resources and Social Security (MHRSS), said at a conference on February 23 that the social safety net coverage will be expanded in 2012, as a part of which the urban basic pension insurance will cover 305 million people.

+       At the end of 2011, the coverage of basic pension insurance for urban employees, as well as basic health insurance, unemployment insurance, work-related injury insurance and maternity insurance for urban residents was 284 million, 473 million, 143 million, 177 million and 139 million people, respectively.

In 2012, most of China’s population will be covered by urban basic pension insurance or new rural old-age insurance.

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