Part 1/9:
The Looming Crisis of China's Pension System: A Generational Imbalance
China is on the brink of a significant crisis concerning its pension system, a situation that could define the economic future of the world's second-largest economy. Central to this issue are young workers like Humphrey, a 24-year-old tango instructor, and Gao Peng Cheng, a 22-year-old social media content creator. Despite their different professions, both represent a growing cohort of young Chinese who have opted to suspend their contributions to the pension system. As demographics shift and economic pressures mount, this decision could have dire implications for the sustainability of pension funds in China.