The number of people covered by basic old-age insurance in China had reached 1.07 billion by the end of 2024, according to data released by Ministry of Civil Affairs and China National Committee on Aging on Thursday.
As of the end of 2024, China's basic old-age insurance system had covered 1.07282 billion participants nationwide, an increase of 6.39 million over the previous year.
In 2024, the national minimum standard of basic pension schemes for urban and rural residents was raised by 20 yuan （about 2.8 U.S. dollars） per month.
China's basic old-age insurance covers 1.07 bln people
China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.
The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.
According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.
In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.
China's aggregate social financing maintains high growth in 2025
