NCSSF reports second-lowest return in history

China’s social security fund NCSSF has reported its lowest annual return since inception (apart from 2008) at just 0.84% for 2011, way below the inflation rate of 5.4%. The National Council for Social Security Fund’s income for last year plunged 77% to Rmb7.34 billion ($1.15 billion), it revealed in its results report. Only once has NCSSF reported worse results since it was formed in 2000, and that was in 2008, when it suffered a loss of Rmb39.37 billion and saw a negative retur…