Insurance waved for struggling firms

2008-12-22  |     NEWSPAPER EDITION

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CHINA will let some struggling companies postpone paying social insurance fees next year, helping them survive the global financial crisis, state radio said yesterday.

The delay can't be longer than six months, China National Radio reported. Local government may also "appropriately" lower health, unemployment, work-related injury and birth insurance rates next year, the report said. The reduction won't last more than 12 months, according to the report.

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