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White Paper Reveals Chinese Enterprises Unable to Make Their Social Security Insurance Payments

Xinhua published an article which reported that, according to the 2016 Chinese Enterprises White Paper, 74.89 percent of Chinese companies are not able to keep up with the payments on their employees’ social security insurance, while 20 percent of the companies are not even participating in the social security insurance program. The article pointed out, “It is a serious violation of employee’s rights.” “The statistics also revealed that the economic slowdown and the pressure to reduce costs have affected many of these companies."

Source: Xinhua, August 28, 2016