Xing Ziqiang Points Out That China's Social Security Expenditure Proportion Is Far Below International Levels - Chronicle

In a conversation, Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that China's social security expenditure accounts for only about 8% of GDP, far below the OECD average of 25% and the levels of developing countries with similar per capita GDP, and also mentioned group disparities in the enjoyment of public services.

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2026-09-21 08:07 · 摩根士丹利首席经济学家邢自强指出，中国社保支出仅占GDP约8%，远低于OECD国家25%及同类发展中国家水平。

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Sayings · 2026-09-21 08:01 Morgan Stanley Chief Economist Xing Ziqiang points out that China's social security spending accounts for only about 8% of GDP, far below the 25% of OECD countries and the level of comparable developing countries.

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