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Traditional and new methods of pension authentication in China: Reasons, methods and problems

https://doi.org/10.26794/2220-6469-2023-17-1-6-11

Abstract

The article discusses the topic of the digitalization of the pension systems in the People’s Republic of China, the spread of the new social authentication methods and the new pension payment confirmation system in the country. The population ageing problem is forcing the government of the People’s Republic of China to develop new methods of social support for the retired citizens. The article deals with the problems of pension payment confirmation for the Chinese, who are currently abroad, as well as the methods of solving the issue. Special attention is paid to the problem of pension authentication through overseas Chinese multifunctional centers (MFC). The article studies the main positive and negative aspects of “traditional” and “new” methods of pension authentication.

About the Authors

Zh. Liu
Lomonosov Moscow State University
Russian Federation

Zh. Liu — post-graduate student at the Institute of Asian and African Studies

Moscow



V. A. Isaev
Lomonosov Moscow State University
Russian Federation

Vladimir A. Isaev — Dr Sci. (Econ.), Professor, The Institute of Asian and African Studies

Moscow



References

1. Zhang Shuai. CNNIC report: China’s Internet penetration reached 71.6%. URL: http://surl.li/bhmst (In Chinese).

2. Yu Jun, Zhang Yiquan. Labor and Social Security News. Social Security of China. 2019;(9):87–87 (In Chinese).

3. Dong Keiyong. Report on the development of pensions in China 2018. Beijing: Social Science Literature Publishing House; 2018. 482 с. (In Chinese).

4. Xu Rui. Social Security Laws and Regulations. Beijing: Legal Publishing House; 2018. 626 с. (In Chinese).

5. He Boyan, Cai Jie, Qiu Jianfei. Improving systemic «skills» to protect the security of funds. Social insurance of China. 2019;(11):76–77. (In Chinese).

6. Chan Zaizhi. Unobstructed retirement benefits for Chinese living abroad. Social Insurance of China. 2019;(11):46–47. (In Chinese).


Review

For citations:


Liu Zh., Isaev V.A. Traditional and new methods of pension authentication in China: Reasons, methods and problems. The world of new economy. 2023;17(1):6-11. https://doi.org/10.26794/2220-6469-2023-17-1-6-11

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ISSN 2220-6469 (Print)
ISSN 2220-7872 (Online)