Rust belt province got old before it got rich, as much of China will

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Rust belt province got old before it got rich, as much of China will
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WUDAOGANG — Wang Fengqin suffered from hunger in her youth, when Mao Zedong was running China, so it brings her joy to cook a nice dinner whenever her sons…

“Come home to eat, mum can still afford to make you this meal,” the 70-year-old retired farmer said, recalling how their phone calls usually start, as she took a break from chopping cabbage in her wood-fired kitchen.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Peng said richer provinces currently fill the gap, “but they cannot do this forever, so this is a problem for the whole country.” Heilongjiang’s heyday was during the Mao era, when state-owned industrial conglomerates exploited its rich resources of coal, minerals and timber. “My body can’t take it, but I still need to make ends meet,” he said, bundling mounds of corn stalks he uses to heat his house during winter, when temperatures drop well below freezing.China’s pension system is largely administered at a provincial level, predominantly on a pay-as-you-go basis, meaning contributions from the active workforce pay the pensions of those who retired.

Many employers do not pay contributions for such workers either, as they are on temporary, often informal contracts. China’s National Health Commission expects the cohort of people aged 60 and over to rise from 280 million to more than 400 million by 2035 – equal to the entire current populations of Britain and the United States combined.

Policymakers flagged in 2020 and 2021, including in Premier Li Keqiang’s official work report, that they will lift the retirement age, but have yet to act. Last year, China launched its private pension sector after four years of pilots. Heavy trucks leave dark trails on its snowed ring-road, servicing industrial machinery plants and agricultural warehouses in and around the city.

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