What is the social security in China?

(A) social insurance can play the role of social stabilizer.

The old, weak, sick, disabled, pregnant and disabled members of society are inevitable objective phenomena in any era and any social system. When a risk accident occurs, many members of society find it difficult to maintain basic living conditions because of the loss of disasters and accidents and the loss of income, which has become an unstable factor in society. Social insurance is to give appropriate compensation to members of society when they encounter this situation, to ensure their basic living standards and to prevent the emergence of unstable factors.

(2) Social insurance is conducive to ensuring the smooth reproduction of social labor.

Workers will inevitably encounter various accidents in the process of labor, such as illness, disability, unemployment and so on. This will cause workers to lose their normal income and lead to the cessation of the process of labor reproduction. Social insurance is to give necessary economic compensation and living security to workers when they encounter the above-mentioned risk accidents, so that the labor force can be restored.

(C) Social insurance is conducive to the realization of social equity.

Due to the difference of people's education level and labor ability, the income gap will be caused. Social insurance can collect insurance funds through compulsory collection of insurance premiums, subsidize low-income workers or those who have lost their sources of income, improve their living standards, and achieve fair distribution of society to a certain extent.

(4) Social insurance is conducive to promoting social progress.

Insurance has the characteristics of mutual assistance, and social insurance can better reflect the spirit of mutual assistance and cooperation.