Foreign companies in China face significantly higher costs because of a new social insurance law that will apply to expatriate employees for the first time from July 1.
China’s first national social insurance law could require companies employing foreigners to pay up to Rmb4,324.56 ($667) per month in social insurance contributions, to pay for things like state medical insurance, pensions, workplace injury, unemployment and maternity insurance, according to employer lawyers.
Foreign employees might have to pay up to a further Rmb1,285.68 per month each in individual contributions.
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