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Chinese Premier Li Keqiang speaks at a press conference at the Great Hall of the People in Beijing, capital of China, March 16, 2016.[Photo/Xinhua] |
The most tangible: Five major social insurance programs
On the whole there's still room for us to cut the contributions to these insurance schemes and fund and conditions of different localities vary from each other. As I said before, we still have ample social security funds and local governments can be given great autonomy to make their own decisions of adjusting downward such contributions in keeping with their local conditions. All in all the purpose of our effort is to lessen corporate burden and put more money in the pockets of our people.
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