The Guardian comes with a nice overview of the different viewpoints on the introduction of the new labor contract law January next year. The traditionally low-margin Taiwanese producers, who have no reputation for sticking to the law anyway, scream like a pig that is about to be slaughtered.
But most opinions are rather positive about the nett effect of the law. This is what Arthur Kroeber has to say:
But most opinions are rather positive about the nett effect of the law. This is what Arthur Kroeber has to say:
Arthur Kroeber is a member of Chinabiz Speakers and you can inquire here about his availability."Basically, the central government would like to see a little bit more consolidation in many industries, and so increasing cost pressure on businesses would enhance that," Arthur Kroeber with the Beijing consultancy Dragonomics said.The law gave workers basic protection that would not be thought out of place in a rather more developed economy, he said."There's been an awful lot of squawking by employers," Kroeber said. "But I think at the end of the day it's not going to make a whole lot of difference as far as the case for investing in China is concerned."
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