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Superannuation

China's pension to dwarf Australia

BY MICHAEL HOBBS AND CHRIS NICHOLLS | MONDAY, 26 NOV 2007 12:14PM

It will take China some ten to twelve years to match the size of Australia's $1.3 trillion plus funds management industry but once it does, China's pension industry will "rocket past ours", according to Peter Promnitz, head of Asia Pacific for Mercer Investment Consulting.

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