In 1979, China resumed external borrowing which was suspended for 20 years, and financed a total of $ billion externally in the year. In 1981, the Chinese government decided to issue treasury bonds totaling 4.9 billion yuan.
It goes without saying that a sound system of private pensions is important from the perspective of pensioners who rely on a given plan for their retirement income. For firms, a pension plan can help to attract and retain staff, and so the business community also counts on a sound pension system.