Chinese Labor Law To Affect Foreign Companies

Law360, New York (November 14, 2006, 12:00 AM EST) -- Lower costs and the potential for sky-high profits have many multinationals eyeing the Chinese market. But some companies are unaware that the country is on the verge of passing a new labor law that could have an impact on the way they do business.

The Chinese government has recently released the latest draft of the Law of the People’s Republic of China on Employment Contracts, which imposes several new obligations on companies operating in the country.

After the People’s Congress proposed the law last March, the...
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