Employee Benefits in China

Marketreportsonchina.com presents a report on “Employee Benefits in China”. The Ministry of Human Resources and Social Security (MHRSS), which administers the Social Insurance Law, is the apex body responsible for effective functioning of the country’s social security system.

Mar., 25th, 2015, Mumbai, India: Market Reports on China presents the report, on “Employee Benefits in China”. China is the world’s largest country, based on population. Despite being the second-largest economy in terms of nominal GDP and purchasing power parity after the US, its development is not uniform.

Synopsis

The report provides in-depth industry analysis, information and insights of the employee benefits in China , including: overview of the state and compulsory benefits in China, detailed information about the private benefits in China, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in China.

Summary

China is the world’s largest country, based on population. Despite being the second-largest economy in terms of nominal GDP and purchasing power parity after the US, its development is not uniform. China is continuously trying to improve its social security system by extending cover and, as a result, more than 70% of the country’s population is now covered by health schemes. China’s social security system includes various types of social insurance schemes, and social assistance and supplementary schemes. The Ministry of Human Resources and Social Security (MHRSS), which administers the Social Insurance Law, is the apex body responsible for effective functioning of the country’s social security system. According to the 2012 Statistical Bulletin on Human Resource and Social Security Development released by the MHRSS, the country’s social security system recorded annual revenue growth of 20.2%, reaching CNY2.89 trillion (US$4.58 billion), while social...