China’s next generation of workers must evolve or be left behind
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Labor 2.0
Category: Law & Regulation
An agreement between Communist Party officials and journalists at Southern Weekly could end a weeklong row over censorship at the Guangzhou-based paper, one of China’s most respected, Financial Times reported. Officials will drop approval procedures for reporting topics and stop examining copy during the production process, according to internal chat group messages. In return, journalists have agreed […]
The China Insurance Regulatory Commission (CIRC) will not approve HSBC’s (HBC.NYSE, 0005.HKG, HSBA.LON) bid to sell its 15.6% holding in China’s Ping An Insurance (2318.HKG, 601318.SH) to a Thai conglomerate, South China Morning Post reported, citing unnamed sources. CIRC is expected to reject the US$9.4 billion bid over suspicions that Thailand’s Charoen Pokphand Group would […]
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Vicious cycle
Beijing’s iron grip on organized labor ignites more factory strikes
China’s new security chief said Monday that the country will end its system of forcing petty criminals and government critics to perform manual labor for up to four years without trial, South China Morning Post reported. The halting of the “re-education through labor” practice is subject to approval by the National People’s Congress in March, […]