Forced Social Security in China Causes Mass Closures, $5B on Military Drills Ignites Public Anger
Forced Social Security in China Causes Mass Closures, $5B on Military Drills Ignites Public Anger
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At the same time, starting on September 1, the CCP enforced mandatory social insurance payments. This has hit small and medium-sized businesses and workers hard. China’s Supreme Court had already ruled that any private agreement between employers and workers to skip social security was invalid. Companies caught violating must make back payments and face fines. In recent weeks, many businesses have shut down factories or outsourced hiring to avoid paying social security. Some owners chose to cut wages or lay off employees.
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