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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessChina is set to lower the employers'....>
CHINA PRESS: China is set to lower the employers' contribution rate to social
insurance to 16% from Wednesday, Securities Daily reported on Tuesday. The
newspaper cited Wang Qing, chief macroeconomic analyst at credit rating agency
Dongfang Jincheng, who said the move was expected to reduce the financial burden
on enterprises by more than CNY300 billion. The reduction represents a cut of
around 63% after last year's cut of CNY184 billion, the daily said. Wang said
the government may need to transfer more public money to replenish the social
security funds as a result of the unprecedented cut.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.