ADP Payroll Around The World - Payroll in China

Payroll in China

01/15/25 • 28 min

China may no longer hold the title of the most populous country in the world—that distinction has now gone to India—but its 1.4 billion citizens and a GDP of around 18 trillion US dollars still make it a political and economic powerhouse. From the manufacturing and tech sectors to green energy and services, China offers vast opportunities to multinational businesses, but the unique payroll challenges should not be underestimated.

In this episode of Payroll Around the World, we’re joined by ADP experts Lily Ma and Junbin Li as they guide us through some of China’s most important labor laws and compliance issues, as well as local regulations. We’ll discuss China’s sophisticated social insurance system, the varying rules across its provinces and cities, and the mandatory Public Housing Fund, a housing allowance for workers that both employers and employees contribute to. We also hear from Dongdong, a teacher in Shanghai, who tells us her personal experiences with the housing fund and how she and her husband used it to purchase a home.

Timestamps

Intro [00:07]
Navigating China’s many provinces [04:44]
China’s income tax system [09:14]
Unique data privacy laws and how ADP is helping [14:07]
China’s Housing Provident Fund [18:15]
Dongdong’s story [21:20]
What’s exciting about payroll in China? [25:40]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Rebecca Kanthor
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Timestamps

Intro [00:07]
Navigating China’s many provinces [04:44]
China’s income tax system [09:14]
Unique data privacy laws and how ADP is helping [14:07]
China’s Housing Provident Fund [18:15]
Dongdong’s story [21:20]
What’s exciting about payroll in China? [25:40]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Rebecca Kanthor
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Payroll in the United States

With a gross domestic product of just over 28 trillion U.S. dollars, the United States continues to hold the title of the world’s largest economy. However, businesses coming to the United States must be aware of the fact that its 50 states effectively operate like 50 separate countries, each with its own labor laws, taxation requirements, and regulations. This can make compliance a bit tricky for multinationals, especially when employing people across various states.

We’re joined by ADP experts Dawn Wautier and Chris Acostandei as they guide us through common compliance pitfalls and explain what employers need to keep in mind when employing people across various states. We’ll also cover how healthcare benefits and retirement plans work in the U.S., and discuss how ADP’s team handles frequent legal changes, a common phenomenon in the country. We also speak to April, a nurse who lives in Florida but works in California, about the bureaucratic and financial challenges she faces when navigating her working arrangement.

Timestamps

Intro [00:07]
The US: 50 states, 50 separate jurisdictions [04:01]
Geographical distribution of industry sectors [06:17]
Managing payroll in a complex legal landscape [08:01]
Advice for starting a business in the US [10:12]
April’s story [14:00]
Managing employees across state lines [20:26]
How ADP is helping clients stay compliant [24:35]
Healthcare and pensions in the US [27:30]
What's exciting about payroll in the US? [33:34]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Leah Worthington
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Payroll in Spain

Spain is one of the fastest-growing economies in the Eurozone, with tourism, agriculture, and renewable energies being the most prominent industries. Ibiza, Mallorca, Barcelona, and Málaga—the islands and cities along the Mediterranean coast are beloved destinations for all those seeking some fun in the sun. Every year, seasonal workers travel to the country’s southern coasts and islands to work in the countless hotels, bars, and restaurants that cater to the rush of tourists. The prominence of seasonal workers can present significant payroll challenges that employers should be aware of.

In this episode of Payroll Around the World, we’re joined by ADP experts Marcela Uribe and Barbara Gomez. They’ll talk us through the ins and outs of processing payroll in Spain, including the rules around employing seasonal workers and how social security contributions affect payroll cycles. We also speak to Lorea, a seasonal hospitality worker in Valencia, who tells us more about the benefits and challenges of working during Spain’s busy summer months.

Timestamps