World Bank: More than half of China’s population lacks economic security

The World Bank's latest China Economic Briefing in December noted that more than half of Chinese people are financially insecure, which has had a serious impact on the economic stability of Chinese families. The report emphasizes that health issues remain one of the main challenges facing China's household economy.

The report also predicts that the policy easing measures recently implemented by the Beijing government will have a positive impact on China's economic growth. These policies will help improve the living standards of the Chinese people and reduce economic instability.

Challenges facing China's economy

The report points out that Chinese families often do not receive adequate support and protection when facing financial difficulties. This has left many families trapped in poverty and unable to cope with sudden economic crises.

Impact of health problems

The report emphasizes that one of the fundamental problems of China's family economy is health. Many families are struggling due to high medical expenses, which has a serious impact on their economic stability.

The role of policy easing measures

The report expressed optimism about the policy easing measures recently implemented by the Beijing government. These policies will help improve the living standards of the Chinese people, reduce economic instability and promote economic growth.