In the third quarter of 2012, the country's GDP grew by 7.4 percent year-on-year, slowing for the seventh consecutive quarter and down from 7.6 percent in the second quarter and 8.1 percent in the first, according to the National Bureau of Statistics.
China's consumer price index, a main gauge of inflation, grew 2 percent year-on-year in November, up from a 33-month low of 1.7 percent in October.
Zheng suggested that China should set up a permanent mechanism for adjusting corporate pension.
"The adjustment mechanism can take into full consideration the country's GDP, CPI and average salary," the CASS researcher said.
Zhou Tianyong, a professor with the Party School of the Central Committee of the CPC, echoed Zheng's view, saying that a sudden break in the trend of consecutive pension raises may provoke discontent.
More importantly, without a long-term mechanism for pension adjustment, the country's basic pension funds will find it difficult to strike a balance, the professor believes.
"If the pension funds of local authorities see an increasing amount of deficits, central financiers will have to make transfers to maintain their balances," he said.
Pension funds for retirees are set to face tremendous pressure as the proportion of old people in the country's total population is on the rise, according to Zhou.
Related Readings
Retirees' pensions get a hike
Pension insurance coverage to double by 2015
Pension gap exerts severe pressure
China's pension insurance covers 459m people
Wen urges spending on pension system
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
