Premier Li Keqiang recently presided over the executive meeting of the State Council and decided to lower the work-related injury and maternity insurance premium rates and further ease the burden on enterprises. The meeting decided to reduce the average work-related injury rate to 0.75% from 1% and the maternity insurance premium rate to less than 0.5% from less than 1% from October 1.
Shanghai recently passed the decision to revise Shanghai Collective Contract Regulations, to come into effect from October 1 this year. The Regulations clearly stipulate that the contents of wage collective consultation include the wage distribution system, wage rates, wage distribution forms, wage payment methods; employees’ annual average wage level adjustment range; the allocation methods of bonuses, allowances, subsidies, etc.; overtime wage and the wage treatment during the probation period, sick leave, personal leave, etc.