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| Author: | Stevenson-Yang, A. |
| Title: | Re-vamping the welfare state |
| Journal: | China Business Review
1996 : JAN-FEB, VOL. 23:1, p. 8-17 |
| Index terms: | WELFARE STATE COMPANIES CHINA |
| Language: | eng |
| Abstract: | China is dismantling the social security system invented in the early days of the People's Republic. In its place, eventually, will be a new system designed to be the foundation of a free labor market and a modern industrial nation. The speed of regulatory change thus far and the ambitiouseness of China's goals, however, have left foreign investors feeling bewildered -- and buffeted by rising labor costs and new regulatory demands. Although foreign investors generally support the changes, the rate at which labor costs are increasing is giving them pause. |
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