If a company decides to not fund healthcare for everyone in the US, even if that aligned with their values and CSR, there's no need to take a cynical look at that.
China seems like a country happy to play the long game, but I don't think they're even going to have to.
Yes they are, and China isn't stupid enough to allow that, and there's nothing the west can do about it without sinking the ship they are in. With the west being a democracy with most major decisions being made by individual corporations, to me it looks like a near certain checkmate for China, provided they don't have something like a major financial crisis.
Now maybe they take no further steps, but it's unreasonable to expect companies to entirely end their entire China operations based on a new law whose implications are not fully understood.
Instead they are making sure they are in compliance and seeing the specifics of what that entails before deciding what if anything to do next.
Of course they don't agree with it, but they don't have the power to effectively ignore their demands right now. Yes, this sucks, but it means they get to live and fight another day, hopefully when they do have a bargaining chip.
This is nothing new. Is there a difference btwn opening factories in China and legally outsourcing work to local cos which may or may not comply with even local labor and environmental laws and bowing to their local mores when it comes to softer areas like western ideas about civil liberties? That in no way means I agree with their view --I'm just asking are the two not different sides of the same coin and we (the "west") pretty much fully accepted the one side a long time ago.
Well worth the read to understand the different forces tugging on global corporations.
They have hundreds of millions of people living on less than $5 per day still. It's one of the greatest supplies of available cheap labor on the planet, and it's not disappearing any time soon.
Now that China has built up immense wealth domestically (along with the productivity, economic capability and infrastructure linked to that step-up), which is very tightly contained within its borders by law, the Communist Party's position is cemented. They have unlimited reach within their borders, they can use any of their industrial might for anything they want at any time, and they can seize any assets they want to at any time. That wealth isn't going away, and their ability to use/abuse it at will is also not going away. Their eventual population decline will do nothing more than than raise the median standard of living.
I am shocked. Absolutely shocked.
Pretty sure the "extremely easy" exam will fail 90% of the class if moved to US
China has a bench of hundreds of millions of people they can call on. With their track record, I don't think Chinese leadership needs to take advice on how to develop a country from anyone.
China is playing the long game here. And I dont see it getting any real trouble for the next 10 - 13 years. (2030).