China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP

Can China count on its SOEs to boost ailing employment amid US-China trade war?

  • China’s state-owned enterprises came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing
  • Salary cuts and lay-offs are on the rise in manufacturing and technology-related industries, but China wants to create 11 million new urban jobs this year
Topic |   China economy

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China’s state sector came to the rescue in the 2008 financial crisis to ensure that employment levels were maintained even as global trade was collapsing. Photo: AFP
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Peking University professor He Weifang. Photo: Simon Song

China risks ‘the legitimacy of the Communist Party’s regime’ without changes, says law professor

  • Peking University law professor He Weifang calls for China to fulfil the commitments it made when it joined the World Trade Organisation in 2001
  • The outspoken critic of China’s legal system made the comments during the ongoing trade war with the United States which has led to an economic slowdown
Topic |   China economy

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Peking University professor He Weifang. Photo: Simon Song
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