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U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request of the United Steelworkers and four other U.S. unions under Section 301 of the Trade Act of 1974 ...
Minimum wages under such policies increased by an average 12.6 percent rate between 2008 and 2012. However, the growth rate of minimum wage levels decreased in 2016, reflecting the Chinese government's effort to reduce pressure on enterprises resulting from the uneven growth between labor costs and production rates. [1] [2] [3]
Ecuador's foreign ministry announces the reinstatement of visa requirements for travelers from China, citing an increase in irregular migratory flows from the latter. [39] 21 June – China officially defines Taiwanese separatist behavior as a criminal act. [40] 22 June – Six people are found dead following a landslide in Shanghang County ...
Women have been a major labor presence in China since the People's Republic was established. Some 40–45 percent of all women over age 15 are employed. China's estimated employed labor force in 2005 totaled 791.4 million persons, about 60% of the total population.
The new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a "more proactive" fiscal policy outlined by leading officials after December's Politburo meeting ...
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Particularly notable is that labor costs in China account for the smallest share: 1.8 percent, or nearly US$10, of the US$549 retail price. While both Apple and Foxconn rely on Chinese workers to perform 12-hour working days to meet demand, the costs of Chinese labor in processing and assembly are insignificant in the overall commercial success ...
China's labor market was highly regulated and dominated by state-owned enterprises, with an average unemployment rate of 3.7 per cent between 1988 and 1995, but this rose sharply after numerous lay-offs between 1995 and 2002, reaching an average unemployment rate of 9.5 per cent between 2002 and 2009. [32]