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More than half of Chinese millennials have not started planning for retirement

Only 44% of Mainland millennials — those aged between 18 and 35 — have started saving for retirement, according to a China retirement readiness survey conducted by investment manager Fidelity International and Ant Fortune, the wealth management platform of Alibaba’s Ant Financial. The survey revealed that Chinese millennials have a median annual income of between RMB 30,000 and RMB 59,999…

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