Thursday, October 22· 5pm– 6:30pm
China’s dual-track approach to reforms: implications for social insurance
Like China’s broader market-oriented reforms, its social insurance system has followed a dual-track model since its inception. While this approach has reduced political resistance and relieved fiscal pressure on the government in the short term, it has left fundamental long-term liabilities unresolved and contributed
read more ▾
to greater fragmentation and inequality within the system. More importantly, stricter enforcement of mandatory social-insurance contributions can significantly raise employers’ labo