New social security policy leaves massive companies bankrupt, and youth in despair

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The Supreme People's Court of China recently issued a judicial interpretation requiring employers to pay social security contributions for their employees starting September 1st. Any agreement to waive social security contributions will be invalid. This has caused a huge uproar and sparked public outcry.
Faced with public backlash and pressure, the party media could no longer hold out. On August 16, the CCP's official media, People's Daily, and several mainland media outlets published articles claiming that mandatory social security for all citizens was a misunderstanding of the policy. They stated that paying social security has always been mandatory, not just now, which some self-media outlets are attempting to do to attract attention, mislead the public, and create confusion.

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