China's Fiscal Expenditure on Social Security Since 1978

China's Fiscal Expenditure on Social Security Since 1978 China's social security system has undergone major changes since the late 1970s. With the gradual development of the social security system, investment in social security has been constantly expanding. The government has recognised its role in providing social security to its citizens. Supported by rapidly growing government revenues, the government particularly the central government is willing to increase spending on social security in both narrow and broad senses. As a result, not only the total expenditure, but also the share of social security in total fiscal expenditure has been rising.