Workflow
Industrial Overcapacity
icon
Search documents
Some Chinese firms pretend to comply with mandated social insurance payments as business struggles
Yahoo Finance· 2025-09-23 06:04
Group 1 - China's top court ruling invalidates workarounds for evading social insurance contributions, aiming to fund pension plans but potentially threatening jobs and businesses [1] - Small business owners are responding by offering new contracts that avoid required social insurance contributions, indicating economic trade-offs in boosting consumer demand [2] - A survey revealed that only 3 out of 18 employees reported their employers paying social insurance contributions, suggesting the ruling may not generate necessary funding for welfare [3] Group 2 - A 2019 report warned that the national pension fund could deplete by 2035 due to declining worker-to-retiree ratios, with a 2024 update suggesting delaying retirement could extend this by 8-9 years [4] - China is addressing industrial overcapacity amid deflationary pressures and trade frictions, balancing immediate employment needs with long-term reforms [5] - A survey indicated that only 34.1% of firms were fully compliant with social insurance rules, with 29.3% reporting disputes with employees over social insurance in the past year [6] Group 3 - Social insurance contributions in China typically amount to about 10% of gross income for employees and approximately 25% for employers, covering various benefits [8]
X @外汇交易员
外汇交易员· 2025-09-15 05:08
路透:美国众议院中国事务特设委员会的民主党成员上周五向美国财长贝森特等高级贸易官员致函,他们表示,任何双边贸易协议都应包括对中国减少工业过剩产能的“约束性要求”。信函还表示,政府应利用中国产能过剩对盟友和合作伙伴带来的焦虑,与他们合作制定应对产能过剩的国际措施。 https://t.co/BLvoR7mBF3 ...