Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Fascinating feature article from the South China Morning Post on the development of unions in China. The paradox of a country that is governed by a communist party which tends to align its interests with big business has always been apparent, but during the period of rapid economic expansion and rampant investment it was not a problem that manifested itself. However, with a shrinking workforce and rising costs, the tension between labour and management is increasing. Worker protests have tripled in three years. “The authorities face a dilemma between raising living standards for ordinary people, a key part of their claim to a right to rule, and ensuring healthy profits for local industries, often with close official connections.”
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