Year-ender: Major policies aimed at improving health, housing and income

Pensions increase for 15 consecutive years

In March, an official notice jointly released by the Ministry of Human Resources and Social Security and the Ministry of Finance said China would increase the basic pension payments for retirees of enterprises, government agencies and public institutions by 5 percent from the 2018 level this year.

The authorities have raised basic pensions for 15 consecutive years, and the latest rise is expected to benefit 118 million pensioners nationwide.