What the social insurance reductions mean for labor management

The ministry of human resources has cut companies' social insurance payment requirements, bringing both short- and long-term benefits to employers, employees and the overall economy

16 minute read June 21, 2016 at 03:09 AM

Katherine Jo and clp articles

The Ministry of Human Resources and Social Security (MOHRSS), together with the Ministry of Finance, issued the Circular on Reducing Social Insurance Premium Rates in Stages (Circular) on April 14, 2016, in accordance with the PRC Social Insurance Law.

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