China Currents 2008 Issue Volume 7 Number 3
Labor Contract Law of People’s Republic of China
In 2003, research on drafting a Labor Contract Law began. In February 2005, it was announced that the Peoples Republic of China’s Labor Contract Law would be included in future legislation plans. In October 2005, the State Council, in principle, passed a draft Labor Contract Law. In December 2005, the draft was submitted to the Standing Law Committee of the National People’s Congress for review.
China’s new labor contract law, adopted by the National People’s Congress in June 2007 and put into force in January 2008, is a landmark in the effort to achieve better labor standards in the country. It can easily be called…
The 2008 Beijing Olympic Summer Games offered a spectacular demonstration of the success and prosperity achieved by Chinese reform policies that opened the door to the outside world. However, as China enjoys the record-making growth rates stimulated by the connection…
January 2008 was my ninth year working in China, and it also marked the implementation of China’s new labor law. This law has had an immediate impact on foreign companies in China, and will influence business decisions for a long…
China's Economy & Financial Market Context In 1980, as Chinese reforms were just getting under way, the country's gross national income amounted to 9% of the figure reported by the United States. Last year, China's GNI had climbed to 51%…
