urban employees and other residents in urban and rural areas. The insurance funds for urban employees are much higher than that for the other group.
In 2022, the basic pension insurance funds in China recorded a cumulative balance surplus of around seven trillion yuan. The basic pension insurance program is a compulsory insurance program operated by the government in China. People who participate in the basic pension insurance program in China are divided in two groups: Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan)
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National Bureau of Statistics of China. (October 16, 2023). Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan) [Graph]. In Statista. Retrieved April 26, 2024, from https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/
National Bureau of Statistics of China. "Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan)." Chart. October 16, 2023. Statista. Accessed April 26, 2024. https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/
National Bureau of Statistics of China. (2023). Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan). Statista. Statista Inc.. Accessed: April 26, 2024. https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/
National Bureau of Statistics of China. "Balance of Basic Pension Insurance Funds in China between 2012 and 2022 (in Billion Yuan)." Statista, Statista Inc., 16 Oct 2023, https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/
National Bureau of Statistics of China, Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/ (last visited April 26, 2024)
Balance of basic pension insurance funds in China between 2012 and 2022 (in billion yuan) [Graph], National Bureau of Statistics of China, October 16, 2023. [Online]. Available: https://www.statista.com/statistics/1053049/china-balance-of-basic-pension-insurance-funds/