Will China Decrease the Rate That Employers and Employees Contribute to Social Security? Will China Speed Up the Transfer of State-Owned Enterprises' Shares to Pension Funds?Yes, and yes.
Further cuts to social security contribution rates are the general trend this year, but these reductions will be subject to many factors, among which the affordability of social security funds will be a major one.
The transfer of state-owned assets to social security funds will facilitate decreases in contributions to pension insurance. China's finance ministry transferred a 10 percent stake in the People's Insurance Company of China to the National Council for Social Security Fund on the last trading day of last year, which means that the country is speeding up its measures to enhance the structure of social security funds.
