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Thread: How do you interpret China’s New Labour Law?

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[quote=JIMMYB,264785]China’s New Labour Law is said to be effective on January 1 in 2008. Before it is adopted, this newly made law has aroused many people’s attention, especially those employers. It is reported that Wal-mart, Huawei and some other companies have started to reduce their staff on large scale and the New Labour Law was the ‘culprit’ since it has included some preferential rules to those employees but not good for those employers. If I remembered correctly, Huawei spent about one billion yuan to encourage its staff quit. It seems that those employers are afraid of this new law. Why? I don’t understand it.

Today, I read another interesting article. It says that the implementation of China’s New Labour Law will add fuel to global inflation. The author argues that Chinese massive labour force who has low wages has contributed much to curb global inflation for much of this decade. However, they will start to benefit from the new Labour Law this year. Consumers everywhere are afraid that it might raise higher prices increase. Why? The new labour law makes it harder to fire workers or casual labour. It is estimated that workers’ salaries are sure to increase 10 to 15 percent this year even without legal changes.

How do you comment China’s New Labour Law? Will it worsen global inflation?

Notice: To get detailed information about China’s New Labour Law, please access:  http://www.chinalabor.cc/Article/10413.html  
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