The State Council’s decision to decouple household registration from welfare services could have benefits for society as a whole, analysts say
In China, social insurance costs are shared among employers, employees, and the government, depending on the coverage type.
In the past, many employees could not qualify for social insurance programmes and their benefits – such as pensions and medical coverage – because their household was registered in another jurisdiction.
Peng Peng, executive chairman of the Guangdong Society of Reform think tank, said the nationwide change would have widespread effects, from promoting urbanisation and the real estate market, to helping establish a national market and even releasing some consumer spending power.
Source: News - South China Morning Post
