Submitted by Andrew on Thu, 09/01/2011 - 01:35
With the increasing labor cost it has become more difficult for foreign companies to compete with their local counterparts for the best local talents. Salaries directly paid by foreign companies might be higher. But the foreign employers are handicapped in terms of under the table benefits. These benefits in conjunction with the high income tax on direct salary more than offset the salary differences and turn most foreign companies in China as second class citizens.
Submitted by Andrew on Mon, 07/25/2011 - 02:37
All companies are not created equal. This is even more true in China. In the past 20 years, China has experienced a number of social experiments resulting in today's wide variety of corporate ownerships. But don't be deceived by the word 'corporation' or 'limited', Chinese companies are not the companies we know of in the West.
