Pensions continue to confound China

ChinaÆs mandarins have yet to tackle the nationÆs looming pensions crisis, argues Yvonne Sin, for head of global pensions practice at the World Bank and now Watson WyattÆs new head of investment consulting and director of employee benefits for the mainland.Despite an ongoing program of national and provincial reform, the nation remains vulnerable to the backwardness in many parts of ChinaÆs society and a pension system still stuck in the past, she believes.ôThe pension system started …