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One of the hallmarks of China's socialist economy was its promise of employment to all able and willing to work and job-security with virtually lifelong tenure. Reformers targeted the labor market as unproductive because industries were frequently overstaffed to fulfill socialist goals and job-security reduced workers' incentive to work.
China's labor market was highly regulated and dominated by state-owned enterprises, with an average unemployment rate of 3.7 per cent between 1988 and 1995, but this rose sharply after numerous lay-offs between 1995 and 2002, reaching an average unemployment rate of 9.5 per cent between 2002 and 2009. [32]
Labor Contract Law of the People's Republic of China (2012 Amendment) Summary; A law enacted in order to improve the labor contract system, define the rights and obligations of parties to a labor contract, protect the legitimate rights and interests of workers, and establish and develop a harmonious and stable labor relationships. Status: In force
Conglomerates in China are slowly losing their appeal as economy faces headwinds. Some workers resign themselves to blue-collar jobs for work-life balance.
The Labour Law of the People's Republic of China (simplified Chinese: 中华人民共和国劳动法; traditional Chinese: 中華人民共和國勞動法; pinyin: Zhōnghuá Rénmín Gònghéguó Láodòng Fǎ) is the basic labour law of China, which has been enforced since 1995.
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Social issues in China are wide-ranging, and are a combined result of Chinese economic reforms set in place in the late 1970s, the nation's political and cultural history, and an immense population. Due to the significant number of social problems that have existed throughout the country, China's government has faced difficulty in trying to ...
RIO DE JANEIRO/SHANGHAI (Reuters) -Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labor ...