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ARTICLE · 01 MARCH 2012

Globalizing In China in 2012

As the world embarks into the Year of the Dragon, China is making every effort to draw in more and more international business to add to its already skyrocketing economy.

ChinaEmployment and HR

As the world embarks into the Year of the Dragon, China is making every effort to draw in more and more international business to add to its already skyrocketing economy. China's current Labor Law is expected to be amended in 2012. The issue is to what degree and to what effect the 2012 amendments, if enacted, will have on employers. The changes and effect of the 2012 amendments are yet to be fully known or disclosed, but it is now a good time for all of us to review and ensure compliance with the complexities of China's labor laws to: (1) reduce risks of legal liability and (2) understand and implement any changes that may be required should the 2012 amendments be enacted.

China's employment laws have experienced significant changes from the Iron Rice Bowl employment system 35 years ago(e.g. guaranteed job security with steady income and benefits similar to, but not identical, to the English concept of a breadwinner with 'cradle to grave' socialism), to the

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