China's Basic Pension Fund Achieves Modest Investment Gain in 2022

China's basic pension fund, managed by the National Council for Social Security Fund, recorded a 0.33% investment gain in 2022, down from 4.9% in 2021. The decrease in yield was attributed to global economic and political changes, as well as fluctuations in financial markets. China's stock benchmark CSI 300 lost 21.6% in 2022. The basic pension fund manages a total of 1.62 trillion yuan and has averaged a 5.4% gain since 2016. Additionally, the national social security fund reported a 5.07% loss for 2022.