Private Responses to Demographic Change and Pension Reform in Urban China

由于中国的庞大规模和市场，中国的社会、经济和政治稳定对澳大利亚及其商界至关重要。快速老龄化和重大的社会福利改革是潜在的不稳定来源。该项目有助于改善该领域的政策制定，这将促进中国的长期稳定。本研究提供了中国家庭养老融资行为的详细信息，这可能有助于澳大利亚商业部门判断中国保险市场的重要经济关系。澳大利亚也面临着不断变化的年龄结构和寻求金融解决方案。我们的研究可能有助于改进这一领域的研究。

Social, economic, and political stability in China is important for Australia and its business community due to the sheer size of China and its market. The rapid aging and significant social welfare reform is a potential instability source. This project contributes to the improvement of policy making in this area, which will enhance China's long term stability. This study provides detailed information on Chinese household behaviour in pension financing, which may be helpful to the Australian business sector in making judgments on important economic relationships in the Chinese insurance market. Australia is also facing a changing age structure and seeking financial solutions. Our study may feed into improved research in this area.