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People's Daily Online>>China Society

Reduced payments 'may boost e-business'

By Chen Xin  (China Daily)

08:27, April 05, 2012

The government should consider lowering the individual online retailers' payments to the social security fund to attract more people into e-commerce and boost employment, political advisers suggested.

Xu Hui, a member of the Chinese People's Political Consultative Conference National Committee, said e-commerce provides a good channel to absorb the workforce, but the shortage of coverage by the social security system has made individual online retailers feel insecure about their employment.

E-commerce has created a large number of jobs. Taobao - China's largest online customer-to-customer trade platform - had directly created more than 2.7 million jobs by the end of 2011.

One job directly created in online retailing will indirectly produce 2.85 other jobs, according to the US-based technology research company International Data Corp.

E-commerce retailers, a group deemed as having flexible employment, can freely choose to join the social security system.

It is compulsory for corporate employees to participate in the system.

Workers pay 8 percent of their wages and employers pay an amount equal to 20 percent of workers' wages each month to workers' pension accounts. Workers and employers also collectively pay workers' medical insurance and unemployment insurance while employers are responsible for paying for work injury insurance and maternity insurance.

Lu Quan, an expert at Renmin University of China's social security research center, said that flexibly employed individuals pay a sum equal to 20 percent of the average monthly income of local workers into their pension accounts. They are also responsible for paying for other social insurance, he said.


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