BEIJING, June 27 (Xinhua)
-- Total assets managed by China's
National Council for Social Security
Fund hit nearly 1.11 trillion yuan (179.6
billion U.S. dollars) by the
end of 2012, the council said on
Thursday.
The fund's annual
earnings rate stood at 7.01 percent
last year, higher than 0.84 percent in
2011 and 4.23 percent in 2010. However, it
was lower than the average annual
earnings rate of 8.29 percent at the
end of 2012.
The fund is
designed to help ease the
country's aging problem and as
a reserve to support future social
security expenditures.
