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BEIJING: China's labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages.
New Delhi: A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover US$100 billion in bad loans – shouldn't start celebrating just yet.
BEIJING: Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said, offering a clear signal there will be no weakening of party control weeks ahead of a key Congress opening.
THE “Two Sessions” of China’s National People’s Congress gathering last month marked the 40th anniversary of China’s reform and opening up which led to its transformation, furthering the China Dream of socialism with Chinese characteristics.