What are the shortcomings of China's social security system?

First, the population is aging. The population over 60 years old in China has accounted for more than 10% of the total population, and has entered an aging society according to the internationally accepted standards. China is still a developing country, aging comes early, which is what people often say: "getting old before getting rich". It is predicted that by the 1930s, China's aging will reach its peak, the urban pension burden coefficient will greatly increase, and the medical expenses will also increase.

Second, the employment situation is diversified. In recent years, the employment pattern in China has changed obviously. The non-public economy has become the main channel to absorb new and existing labor, and a large number of workers are employed in a flexible way. Obviously, the traditional unit-oriented social security system can not adapt to this decentralized and mobile employment model.

The third is urbanization. In the next decade, the urbanization rate of China will increase by one percentage point every year. In accordance with the requirements of coordinating urban and rural development, we will improve the social security measures for migrant workers and landless peasants and establish a social security system linking urban and rural areas.

The fourth is economic globalization. Under the background of the accelerated development of economic globalization, Chinese enterprises are facing more and more competitive pressure from domestic and foreign markets, and the employment and unemployment problems have added new variables. New situations and problems in labor relations are emerging one after another, and it is urgent to speed up the improvement of the social security system.