Premier Li Keqiang chaired a State Council executive meeting on March 26, 2019 and made arrangements on reducing social insurance fee rates and clarified specific supporting measures.
The meeting required local governments to reexamine and lower the upper- and lower-limits of the social insurance base and extend the policy of reducing the premium rates for unemployment and work-related injury insurances for one more year, to April 2020. If a region's industrial injury insurance fund is enough to cover payments for 18-23 months, it can cut the premium on industrial injury insurance by 20%; the reduction can reach 50% if the fund is enough to cover payments for 24 months or longer.