Results tagged “employmentlaw”

• China anniversary puts security jitters on show [Reuters] "The Chinese government is flooding Beijing with armed police and up to one million security "volunteers" to head off any unrest over October's sensitive anniversary of 60 years of Communist Party rule. The relentless security has grounded pigeons, lined streets with grandmothers, prompted warnings to stock up on food and left harried residents wondering who the festivities are really for."
• China jails four over stabbings [BBC] "Four more people have been found guilty of carrying out attacks with syringes in the western Chinese province of Xinjiang, state-run television says. The four received sentences ranging between eight and 15 years in jail. Three other people received prison sentences for similar attacks earlier this month."
• SCENARIOS: How US-China trade tensions might play out [Forbes] "U.S. President Barack Obama has slapped a 35-percent "safeguard" tariff on tire imports from China, inflaming trade relations and raising concerns about a possible trade war. Obama's decision, announced on Sept. 11, responded to demands from U.S. union groups, manufacturers and lawmakers who view the Asian export powerhouse as an unfair trader. That perception is shaped by the U.S. trade deficit with China, which hit a record $268 billion in 2008. Here are some ways the dispute could play out:"

• Shell to Delay Alternative Energy Projects in China [WSJ] "Royal Dutch Shell PLC is delaying or dropping some alternative energy projects in China as too costly given current low oil prices, executives said Tuesday... because of the economic downturn Shell decided to postpone a joint venture Shenhua Group, China's top coal producer to turn coal into liquid fuel. Shell had conducted a feasibility study with Shenhua, China's biggest coal producer, to build a coal-to-liquid plant in the country's western Ningxia Autonomous Region."
• Chinese workers protest again over unpaid wages [AP] "Hundreds of workers at a textile factory in southern China blocked roads Tuesday, in a second day of protests over unpaid wages, an employee said. The protests come as a collapse in demand for Chinese exports has closed factories and wiped out at least 20 million jobs. Communist leaders worry that more job losses and unpaid wages could result in mass protests."
• Rare Fungi Sent Back to China [Cornell Sun] "In the 1920s, Shu Chun Teng was China’s premier expert on fungi after studying mycology at Cornell. To preserve Teng’s specimens from destruction following the 1937 Japanese invasion of China, 2,278 of the specimen packets were smuggled by ox cart to Indochina and then by sea to the United States, eventually arriving at Cornell in 1940" It is now being returned to China. Hoorah!

The U.S. isn't the only country that's making incredibly super rich people cut down on their incredible super richness, China has now also set compensation caps for its State-sector financial companies. Salaries for top executives are now limited to 2.8 million yuan. Caps for pay packages will be slashed for regular executives, down to four times their annual salary (50,000 to 700,000 yuan). Oh, the humanity! Source: China Daily