CX Daily: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock
Listen to the full version
TOP STORIES
Cover Story: China’s Drive to Shore Up Social Security Funds Brings a Payroll Shock
In July, He Miao, an employee at a large IT outsourcing company in Shandong province, received an ultimatum: pay thousands of yuan in backdated social security contributions — including the money his employer should have contributed — or transfer to another subsidiary. Refusal would mean he would be put on a basic monthly salary of 4,000 yuan ($593).
FINANCE & ECONOMY
Analysis: China’s Offshore Trust Tax Overhaul Puts Tycoons on Notice
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and Bloomberg - for the price of one.
Sign in with Google
Sign in with Facebook
Sign in with 财新