Safe or sorry?

By The Economist online

Fast growth is, in one respect, just what China’s insurance industry needs. The population will get much older in the coming decades, but the public pension scheme is still in its infancy. By supplementing public coverage with private policies, the government hopes that people may just manage to escape penury in their old age. At the moment the government covers roughly a third of medical expenses and insurance companies less than a tenth, leaving individuals to pick up more than…

Read more here:: The Economist – Economics