Chart of the Week Oct 30, 2020: China’s Social Expenditure over the Past Decade

Summary China’s Social Expenditure comprises of six different components: education expenditure, pension insurance, medical and healthcare expenditure, unemployment insurance, housing insurance, and minimum living allowance (China Development Research Foundation, 2013). Since 2017, China has emphasized the importance of increasing their investments in education, healthcare, and welfare benefits in order to mitigate inequities in social and economic development. This week’s Chart of the Week presents annual data from the National […]

Read More