养老金双轨制

yǎng lǎo jīn shuāng guǐ zhì

dual pension scheme (PRC)

yǎng

to raise (animals)

lǎo

prefix used before the surname of a person or a numeral indicating the order of birth of the children in a family or to indicate affection or familiarity

jīn

gold

shuāng

two

guǐ

(bound form) rail; track; course; path

zhì

to manufacture