In the news: Expats avoid social insurance and KPMG turns over audit documents

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clpstaff &clp articles

Expats in China are avoiding paying their social insurance, while KPMG has finally started giving US regulators their audit documents for Chinese companies

Foreigners resist social insurance

China Daily ran a story that only 200,000 expatriates or 20% of foreigners working in China participate in the social security programmes. It has been two and half years since the PRC Social Insurance Law became effective and extended social insurance to foreigners. Pension, medical, unemployment, work injury and maternity are the five programmes foreigners are expected to participate in. Hu Xiaoyi, vice minister of human resources and social security, admitted that the 20% was a small number.

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