The professor at Renmin University of China says China should change the mindset and treat social spending as an investment that can generate tangible returns.
The reframing of social spending as an investmnt rather than a burden is realy compelling. China's medical insurace surplus of 5.3 trillion yuan while people still worry about catastrophic illness is a perfect example of misallocated resources. If even a portion of those idle funds were redirected toward major illness coverage, it could solve one of peoples biggest anxieties without requiring additional funding.
Thankyou Professor Zheng Gongcheng郑功成 for your insights. I am curious given reatively low pensions, about the linkages between social welfare, and secure, affordable housing.
The reframing of social spending as an investmnt rather than a burden is realy compelling. China's medical insurace surplus of 5.3 trillion yuan while people still worry about catastrophic illness is a perfect example of misallocated resources. If even a portion of those idle funds were redirected toward major illness coverage, it could solve one of peoples biggest anxieties without requiring additional funding.
Thankyou Professor Zheng Gongcheng郑功成 for your insights. I am curious given reatively low pensions, about the linkages between social welfare, and secure, affordable housing.