China Torn by ‘Anxiety and Panic' After Social Security Verdict
The decision this month by the Supreme People's Court bars informal arrangements between companies and their employees to opt out of mandatory social insurance payments from Sept. 1. If enforced, the rules are especially a threat to small and medium-sized businesses, according to Societe Generale SA, which estimates they could increase costs to workers and employers by about 1% of gross domestic product.
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