Strikes and Workers’ Protests Multiply in China, Testing Party Authority – IEMS’ Albert Park Interviewed by the Washington Post

Published on: 2016-02-25

SHARE THIS:

The Washington Post article featured comments from IEMS Director Albert Park on the reasons behind the growing sense of anger and disillusionment felt within China’s labor class. As mentioned in the article, Albert Park commented:

Many of the underlying problems predate the last quarter, according to Albert Park, director of the Institute for Emerging Market Studies at the Hong Kong University of Science and Technology.

A survey by HKUST and Beijing’s Tsinghua University of nearly 600 factories in Guangdong conducted last August found that, although the profits picture was mixed, companies had trimmed their workforce by 3.7 percent in 2014. Labor-intensive sectors were the hardest hit, with employment in textiles falling more than 10 percent.

The main problem firms cited was rising wages: Guangdong is, in a sense, a victim of its own success, and now many factory owners are eyeing cheaper locations in Southeast Asia.

But the global economic slowdown was also having an impact, with low market demand cited as the second-biggest problem, Park said.

Read the full article here: Washington Post

Related Content

[Bio] Albert Park

[IEMS Thought Leadership Brief] How Do Minimum Wage Policies Affect Workers in Emerging Markets? by Albert Park

[IEMS Media Coverage] Layoffs Loom in China as Growth Slows – IEMS’ Albert Park Interviewed by Bloomberg Businessweek

[IEMS Media Coverage] The Cyborgs are Coming! – IEMS’ Albert Park Featured in China Daily Article on Automation and Society

[IEMS Media Coverage] Rising Wages, Labor Regulation, and the Future of Employment in China – SCMP Education Post Op-Ed by IEMS’ Albert Park

[IEMS Media Coverage] Seeking Help for China’s Labor Market – Wall Street Journal Report featuring IEMS’ Albert Park

[IEMS Thought Leadership Brief] The Employment Gender Gap in Urban China: Why Women Benefited Less from China’s Privatization Reforms

Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *