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Why China’s low-cost business model resists reform

Asia-Pacific 1 source 1 country 🔦 Under-reported 37m ago

On July 9, a fire at a shoe factory in Jinjiang, Fujian province, resulted in the deaths of at least 28 people. The incident has drawn attention to the safety standards maintained by manufacturing firms operating within the region.

The tragedy highlights a recurring issue in which businesses facing significant financial pressure prioritize cost-cutting measures, often at the expense of workplace safety. This incident serves as an example of the challenges inherent in China’s low-cost business model, which has proven difficult to reform despite the risks posed to workers.

In-depth summary · AI, neutral
Read the full story at the source South China Morning Post · HK
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