HONG KONG: Cheng Chunmeng, the general manager of a manufacturer of colorful children's chairs in east-central China, gave his workers a 30 percent raise last year to keep them from leaving. His labor costs are rising even faster in dollar terms, as the Chinese currency slowly climbs against the U.S. dollar.
Tim Pringle, Trade Unions in China: The Challenge of Labour Unrest (Routledge, 2013), £26.99
When workers at the Nanhai Honda car plant in China’s Pearl River Delta went on strike in 2010, they first had to fight off a gang of thugs sent by their own trade union.
Trois employés sur quatre en Chine comptent se lancer dans la recherche d'un nouvel emploi cette année, mécontents des aptitudes de leurs supérieurs actuels, mais aussi de leur salaire et parcours professionnel, selon les résultats d'un sondage publiés hier.
Bob Baur and Robin Anderson say reforms will take time, but Beijing will rise to the challenge
As the US Federal Reserve trims its stimulus programme, the easy-money policies that have encouraged strong cash inflows to China and emerging economies will also begin to taper off.