China facts of the day

Percentage of Chinese workers who have no pension, private or public: Eighty percent (kind of puts our social security dilemmas in context, no?)

Expected ratio of workers to retirees, circa 2030: Two-to-one

Projected shortfall of the Chinese national pension system by 2033: $53.3 billion

Those are all reasons why China may be an overvalued economy; see Business Week, 31 January, p.47 for more information.

Addendum: Daniel Drezner offers his India fact of the day.


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