Explaining China’s Social Security System and Housing Fund Scheme for Employers
When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to make contributions to social security and the housing provident fund. In this article, we provide an extensive overview of China’s social security system and the housing provident fund from an employer’s perspective.
China Cuts Pension Contributions for Employers across All of China: Implications for Businesses
China has lowered employer contributions to the country’s Pension Fund. These significant reductions to employer social security contributions may be one the country’s most underestimated tax reforms in recent times.