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Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry (insideevs.com)

submitted 6 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.ml/post/15089465

Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

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[–] [email protected] 3 points 6 months ago* (last edited 6 months ago)

also has basically zero labor laws and an absolutely enormous wealth gap between the ruling class and the working class.

China's congress literally just passed a law a few days ago requiring all companies over 100 employees to have employee councils as a mandatory organ of the company structure

Article 17(2) of the Revised Company Law now stipulates that the assembly of employee representatives shall be the basic form of the democratic corporate governance system and that this shall apply to all companies. That means, regardless of whether a company is private or state-owned, whether it is a limited liability or a stock corporation. This is a notable development, as democratic corporate governance as a requirement for all companies is set out in national law for the first time.

An Employee Assembly shall be convened at least once a year, and more than two-thirds of the employee representatives must be present at the plenary session of an Employee Assembly. Elections and votes on relevant matters at an Employee Assembly require a majority of all employee representatives.