China pensions weather Covid-19, reforms remain slow

China’s ongoing reform of its three-pillar pension system was unscathed by the Covid-19 pandemic, but an aging population and a deep deficit have continued to slow progress. Janet Li, wealth business leader for Asia at consulting firm Mercer, told AsianInvestor that “Covid-19 has had limited impact on the overall China pension system and its regulatory reform”. However, the system’s internal development still requires attention. Separately, Desiree Wang, the China country head o…