China's social security funds remain stable

In 2023, 1.07 billion people in China were covered by basic pension insurance and 1.38 billion had social security cards. China's social security fund stably operated throughout the year.

By the end of 2023, the number of participants in unemployment insurance and work-related injury insurance was 244 million and 302 million, respectively, an increase of 5.66 million and 10.54 million year-on-year.

The total annual revenue of the three social insurance funds was 7.92 trillion yuan, and the expenditure was 7.09 trillion yuan.

By the end of the year, the accumulated surplus reached 8.24 trillion yuan, indicating the overall stable operation of the funds.