facebook
twitter
rss
account
search
search
 

China bank gov.: Healthcare change needed

Nov. 21, 2006 at 5:10 PM   |   Comments

SYDNEY, Nov. 21 (UPI) -- China's central bank governor called for Social Security and healthcare reform Tuesday.

At the Group of 20 meeting in Sydney, Zhou Xiaochuan said the country's sound financial health means the government can afford to extend its healthcare and pension safety net to all the country's citizens, Xinhua reports.

Meanwhile, citizens with higher incomes should be encouraged to invest in individual retirement accounts and private health insurance, he said.

The National Council for Social Security also plans to move some of its assets, currently held mainly by banks, into higher-return investments in capital markets and overseas.

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Fewer prescription pill overdoses in medical marijuana states
2
New data shows Melbourne is most well-rested city in the world
3
New research details rare cancer that killed Bob Marley
4
Poll: 26 percent of Americans believe they will get Ebola
5
Daughters more likely than sons to care for elder parents
Trending News
Video
x
Feedback