China question: How do I handle my employees' social insurance payments?
January 05, 2015 | BY
clpstaff &clp articlesI have heard that underpaying social insurance is a major cause of labour unrest in China. How do I calculate employees' contribution amounts correctly and ensure all payments are made in compliance with labour and insurance laws? What is the most cost-effective way to handle this?
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The Beijing perspective
In China, there are five types of statutory social insurance that must be paid into the state social insurance fund together by both the employer and employee.