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EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2014
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

22. EMPLOYEE BENEFIT PLANS

           Employees of the Company located in the PRC are covered by the retirement schemes defined by local practice and regulations, which are essentially defined contribution schemes. The calculation of contributions for these eligible employees is based on 20% of the applicable payroll cost in 2014. The expense paid by the Company to these defined contributions schemes was $5,880,203, $4,740,434 and $5,806,226 for the years ended December 31, 2012, 2013 and 2014, respectively.

           In addition, in 2014, the Company is required by PRC law to contribute approximately 10%, 8%, 2% and 2% of applicable salaries for medical insurance benefits, housing funds, unemployment and other statutory benefits, respectively. The PRC government is directly responsible for the payment of the benefits to these employees. The amounts contributed for these benefits were $6,012,889, $5,461,137 and $5,980,338 for the years ended December 31, 2012, 2013 and 2014, respectively.