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Some Chinese firms pretend to comply with mandated social insurance payments as business struggles
Yahoo Financeยท 2025-09-23 06:04
BEIJING (Reuters) -In a landmark interpretation, China's top court recently reinforced that workarounds between employers and workers to evade social insurance contributions are invalid, a move that both promises to fund depleted pension plans and threatens jobs and businesses. The response from some small business owners has been to offer new contracts without paying the company's required social insurance contributions, highlighting how Beijing's limited attempts toward boosting consumer demand remain b ...