Long working hours have changed many consumption habits for young workers in tech companies, explains consumption expert Ashley Dudarenok at her vlog. But now the 996 working culture has been banned by the government, will the world for those young tech workers become more healthy? Read More →
China’s central government has tried to fix the country’s toxic work culture, especially banning the “996” — working from 9 am to 9 pm, six days a week. But China expert Arnold Ma does not believe the workers themselves really want this, he tells Jing Daily.Read More →
Typically, China’s economy comes to a standstill during the annual Chinese New Year, but not in 2021, explains business analyst Shaun Rein to CNBCTV. GovermentalCovid-19 restrictions make it tough for migrant workers to return home, and double salaries at the factories might encourage them to continue working during the festival. Other industries like travel and leisure might suffer, though.Read More →
China’s authorities are trying to avoid 300 million migrant workers to go home for Chinese New Year, in an effort to avoid another embarrassing corona lockdown like in 2020, says leading economist Arthur Kroeber in the New York Times.Read More →
Overwork in China – called the 996 culture – is rampant, especially in the IT industry. The recent death of a Pinduoduo employee also shocked social commentator Zhang Lijia. For her, this cannot be solved by the industry or employees, but the government should step in, she writes in the South China Morning Post.Read More →
The shock was all around when a worker at China’s leading IT firm Pinduoduo recently collapsed and died under the pressure of overwork. But despite the fierce reactions, IT analyst Matthew Brennan, author of Attention Factory: The Story of Tiktok and China’s Bytedance, does not expect the culture of overwork in China’s IT firms will disappear, he tells Vice.Read More →
China veteran Mark Schaub discusses how China changed since it introduced the 1995 Employment Law and how it impacted the way foreign businesses could work. Before 1995 few people had a written labor contract, but since the introduction of the law much changed for workers and lawyers, he explains.Read More →
Former White House official Harry Broadman discusses the future of relations between China and its trade partners. He hopes and expects that after Joe Biden takes over from current US President Donald Trump collective action between trade partners will be higher on the agenda, he tells Bloomberg. With a strong focus on Canada.Read More →
The coronavirus crisis has hit China’s economy and its graduates face a rough time for at least a year, as they are looking for jobs now, says financial analyst Sara Hsu, a visiting scholar at Shanghai’s Fudan University to CGTN. Job creation has come to a stand-still, and graduates might rely on finding jobs at state-owned companies, the government or even the military to survive in the coming year, she says.Read More →
The plan to ban immigration by US President Donald Trump will be mostly hurt US tech companies who cannot recruit talents anymore, says business analyst Shaun Rein to the BBC. “Now, with the immigration ban, more top Chinese, Indian and other foreign talent will seek jobs in tech hubs globally like Shenzhen, Seoul and Bangalore rather than Silicon Valley,” Shaun Rein adds.Read More →
US President Donald Trump wants US companies to fight China, but they rather flee for greener pastures not to their home countries, says financial analyst Sara Hsu at the ChinaUSFacus. But some might decide to swap countries too early, she warns.Read More →
Tech companies in China became big by asking their workers to make long hours, 996 in jargon. But those days are over says business analyst Shaun Rein to CBS. Not only is it illegal to let people work those long hours, but qualified workers also leave their jobs, because they want to have a life next to their work too.Read More →