China's social security fund hit 400 bln yuan

时间：2007-09-24 06:21:48

（单词翻译:单击）

Sept.24 - The value of China's social security fund had reached 400 billion yuan (53.3 billion U.S. dollars) by the end of June this year, said Wang Zhongmin, deputy director of China's National Council for Social Security Fund (NSSF).

 

The security fund reported a profit rate of 15.2 percent in the first half of 2007, making an operating profit totaling 147.9 billion yuan (19.7 billion U.S. dollars), Wang told a social security forum1.

 

The NSSF has kept to the principle of safety-oriented investment and long-term investment, which guaranteed a stable return and an increasing profit rate for the fund, said Wang.

 

"The fund is still insufficient2 to the country's huge population of 1.3 billion," said Wang, saying the ideal amount of social security fund should be two trillion yuan (266 billion U.S. dollars).

 

In case of an annual profit rate of no less than 5 percent, a two-trillion-yuan fund could generate 100 billion yuan (13.3 U.S. dollars) in profit each year, said Wang, adding that will allow the fund to satisfy the needs of social security while keeping its principal intact.

 

China's social security fund was established in August 2000 to prepare for the country's coming peak of aging population.

 
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1 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
2 insufficient L5vxu     
adj.(for，of)不足的，不够的
参考例句：
  • There was insufficient evidence to convict him.没有足够证据给他定罪。
  • In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。

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