Why Are China's Youth Boycotting Pensions?

Why Are China's Youth Boycotting Pensions?

Assessment

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The video discusses China's looming pension crisis, highlighting the demographic challenges and economic implications. It explains the structure of China's pension system, consisting of three pillars, and compares it to global trends. The video also covers the government's measures to address the crisis, such as raising the retirement age, and the public's response to these changes.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the looming pension crisis in China?

High unemployment rates

Demographic changes

Lack of government funding

Increased life expectancy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which pillar of China's pension system is managed by the state and covers over 1 billion people?

Voluntary corporate pension

Voluntary individual pension

Basic pension system

Private pension funds

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary goal of China's One Child policy introduced in 1979?

To improve economic growth

To curb rapid population growth

To enhance family structures

To increase the birth rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the One Child policy affected the family structure in China?

It encouraged multi-generational households

It led to a four-to-one family structure

It promoted single-parent families

It created a two-child family model

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by young workers in China regarding pension contributions?

High contribution rates

Lack of awareness

Limited investment options

Inability to afford contributions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Chinese firms were fully compliant with Social Security support according to a recent survey?

50%

28%

90%

75%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measure did the Chinese government take to address the pension system strain?

Introducing new taxes

Raising the retirement age

Increasing pension benefits

Lowering the retirement age