Other Briefings
Can China’s Consumers Spend Another US$790 Billion Annually?
Op-Ed Commentary: Chris Devonshire-Ellis Jan. 27 – US$1.58 trillion. That’s actually the magic figure. The sum represents the total number of exports that China sent overseas last year. Amidst calls for China to rebalance its economy and shift its reliance on exports towards a more balanced, consumer driven economy, the Chinese government has been taking […]
Guangdong to Lift Minimum Wage Standards Once Again
Jan. 21 – Not long after the last minimum wage lift in May 2010, China’s Guangdong Province has once again decided to raise the minimum wage standards from March 1, 2011. The Guangdong Provincial Government released the “Circular on Adjusting the Minimum Wage Standards of Enterprise Employees in Guangdong Province (yuefuhan [2011] No. 15)” on […]
Jiangsu Province to Raise Minimum Wage Standards
Jan. 10 – Jiangsu Province will lift its minimum wage standards by over 15 percent beginning next month in an effort to offer more support to workers with low income and to ensure an abundant supply of migrant workers for production in the new year. The Jiangsu Department of Human Resources and Social Security (JSHRSS) […]
Shenzhen Adopts New Housing Fund Rates
SHENZHEN, Nov. 15 –Shenzhen has adopted new contribution rates for the city’s housing fund, set to take effect on December 1, 2010. The new rates will be from 5 percent to 20 percent as decided by the employer. The fund will use the average wage of the employee from the previous year as the lower […]
China Adopts Social Insurance Law, Workers Given Right to Transfer Pension
Oct. 29 – China’s top legislature voted yesterday to allow workers in China the right to transfer their basic pension insurance accounts from one residence to another. The Social Insurance Law, which will take effect on July 1, 2011, aims to prevent the improper use of social security funds and also promises a new endowment […]
China’s Second Tier Cities? The Third and Fourth Tiers are Catching Up
Op-Ed Commentary: Chris Devonshire-Ellis Oct. 26 – The much lauded phrase “second tier city” has been around for much of the past decade as a descriptive factor, especially in China, when it came to dealing with business opportunities and investments outside the principal cities of Beijing, Shanghai, Guangzhou and Hong Kong. A decade on, and […]
Understanding China’s Social Security System
By Adam Livermore Sept. 14 – The social security system in China is based upon guidelines issued by the central government, although the specifics and administration of the system is managed at the local level. This is the only practical method in a country as diverse as China, as any rigid system defining specific contributions […]
New Issue of China Briefing: Employment Overheads in China’s Social Security System
Sept. 1 – In the September issue of China Briefing we look at China’s social security regime and the five social insurance funds that enterprises in China must contribute to: pension, medical insurance, unemployment insurance, maternity insurance, and occupational injury insurance. We also look at the housing fund, another mandatory fund that both employers and […]
