China's Ministry of Human Resources and Social Security, Ministry of Finance, and State Administration of Taxation have jointly issued Notice No. 18 of 2025 on the extension of preferential policies to support enterprises and stabilize employment in China. This includes the extension of the unemployment insurance contribution refund policy until 31 December 2025, which generally provides that if an insured enterprise has paid unemployment insurance contributions in full for more than 12 months and has not laid off employees in the previous year or the layoff rate is not higher than the national urban survey unemployment rate control target of...