The Social Insurance Base Pay usually gets higher since the adjustment of its payment is made by the government during July every year.
The purpose for the increased payment is to guarantee that the insured labourer enjoy more benefits from social insurance treatment because of social development.
In other words, whether you work or do business in China, you need to pay more money to the Chinese government since this month.
What Is Social Insurance?
The basic social security system for labourer, including
Endowment Security
Medical Insurance
Unemployed Insurance
Employment Injury Insurance
Maternity Insurance
But since this year, Serious Illness of Medicaid is also included in the system here in Guangzhou.
Comparison of 2017 & 2016
The comparison is calculated according to the minimum wage standard, which indicates a 37RMB increase comparing to 2016. If it is calculated based on your actual income, it shows a higher payment correspondingly.
The government requires enterprises to pay a designated rate of Social Insurance for their employees. Social Insurance plays a more and more significant role in the improving security system in GZ.
Therefore, enterprises should attach importance to employees’ rights and interests, pay the Social Insurance for their employees and declare to the government in accordance with law.
#Benefits for expats buying Social Insurance in China? 
Advantages of Buying Social Insurance in China
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