{"id":688780,"date":"2026-05-23T15:26:10","date_gmt":"2026-05-23T15:26:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/688780\/"},"modified":"2026-05-23T15:26:10","modified_gmt":"2026-05-23T15:26:10","slug":"will-chinas-residency-changes-to-social-insurance-unlock-economic-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/688780\/","title":{"rendered":"Will China\u2019s residency changes to social insurance unlock economic growth?"},"content":{"rendered":"<p>The new measures announced on Friday by the State Council are part of China\u2019s broader push to create a <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3325680\/chinas-xi-calls-building-unified-market-secure-edge-global-race?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">unified national market<\/a> by removing barriers to the free flow of capital and talent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In China, social insurance costs are shared among employers, employees, and the government, depending on the coverage type.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In the past, many employees could not qualify for social insurance programmes and their benefits \u2013 such as pensions and medical coverage \u2013 because their household was registered in another jurisdiction.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">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.<\/p>\n","protected":false},"excerpt":{"rendered":"The new measures announced on Friday by the State Council are part of China\u2019s broader push to create&hellip;\n","protected":false},"author":2,"featured_media":688781,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[252007,8580,45,49,48,95,86304,46,141624,252006,178786,141626,65891,151496,91014],"class_list":["post-688780","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai-work-styles","tag-beijing","tag-business","tag-ca","tag-canada","tag-china","tag-economist-intelligence-unit","tag-economy","tag-guangdong-society-of-reform","tag-hukou","tag-pearl-river-delta","tag-peng-peng","tag-state-council","tag-xu-tianchen","tag-yangtze-river-delta"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/688780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=688780"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/688780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/688781"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=688780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=688780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=688780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}