Social safety net

Uneven economic growth, skyrocketing home prices, limited and expensive medical care, and sparse pension plans have raised huge concerns in China about social stability and provoked widespread discontent.

In prepared remarks to be delivered to the Chinese legislature, or National People’s Congress, Wu Bangguo said delegates would put the final touches on a draft social security law and make adjustments to the legal system to “dispel the people’s worries and better maintain social harmony and stability.”

The social security law broadly aims to establish a safety net of pension, health care and unemployment benefits, provide free primary and secondary education, and assist the migration of rural residents to cities.

There were no specific details in an advance copy of Wu’s speech, but the changes are believed to include more support for lower-income Chinese, many of whom have been left behind by China’s rapid economic growth over the last three decades.

Source : Konaxis

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