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China reduces enterprise payment for employees’ insurance

Updated: May 1,2019 1:59 PM     Xinhua

BEIJING — China lowered the payment by enterprises for their employees’ insurance on May 1.

The share borne by employers for urban workers’ basic aged-care insurance was lowered to 16 percent across the country, according to a plan released earlier by the State Council.

A reduced enterprise contribution to employee’s unemployment insurance and another one to employee’s work injury compensation insurance were maintained and extended to April 30, 2020.