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China Continues Preferential Policy in Relation to the Disabled Person's Employment Security Fund

|Approved Changes|China
China

China's Ministry of Finance has issued Announcement No. 8 of 2023 on the continuation of the preferential policy in relation to the Disabled Person's Employment Security Fund. Under standard rules, employers are required to contribute to the fund if they fail to meet a percentage of disabled employees of 1.5% or higher according to local regulations. The preferential policy provides that if the percentage of disabled employees is at least 1.0% but less than 1.5% (or the higher local percenta…

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