Guo Shuqing writes article suggesting subsidies for urban and rural resident pensions via special bonds and initiating inheritance tax legislation

Guo Shuqing, Vice Chairman of the NPC Financial and Economic Affairs Committee, wrote an article in 'Social Security Review' stating that the average monthly pension for urban and rural residents of about 260 yuan is far from sufficient to maintain basic living standards. He suggested allocating funds from ultra-long-term special treasury bonds and local special bonds for subsidies, and urged the prompt initiation of inheritance and gift tax legislation to supplement pensions. In March 2025, he and 33 other representatives submitted a legislative proposal.