China's labour revolution continues: New social insurance law
Mondaq Business Briefing › Hong Kong Law Articles in English (2011)
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China's labour revolution continues: New social insurance law
China's new Social Insurance Law has come into force, attempting to address one of China's priorities in the 12th five-year plan of remedying social inequality by improving China's social security framework, but the full extent of the changes are likely to be delayed (particularly the application of the law to expatriate staff).
The legislation surrounding China's social security framework The Standing Committee of the National People's Congress ("NPC") promulgated the Social Insurance Law ("SIL") on 28 October 2010. It came into legal effect on 1 July 2011, although, as we shall see, in practical terms it cannot yet be put into practice. If successful, this new law may go some way to reducing the pressures of social inequality. As mentioned, easing of social tension was highlighted as one of the key aims for the 12th five-year plan (covering 2011 to 2015). The 11th five-year plan contained identical aspirations but did not achieve them. For the international community, a key issue is ho...See the full content of this document
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