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MeramJert posted:China actually only has hourly wages, there's almost no legal concept of a salaried worker, and there are very strict overtime laws. As far as I can tell though, this only comes up when foreign companies get sued by former employees for violating these things. Really? Tell that to my girlfriend who works for a state-owned company and has to put in 11-12 hour days for a pittance even though she is scheduled for 8.
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# ? May 7, 2014 01:51 |
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# ? May 14, 2024 17:05 |
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B-Rad posted:Really? Tell that to my girlfriend who works for a state-owned company and has to put in 11-12 hour days for a pittance even though she is scheduled for 8. Yeah, enforcement of the existing laws isn't really China's strong suit.
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# ? May 7, 2014 01:59 |
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B-Rad posted:Really? Tell that to my girlfriend who works for a state-owned company and has to put in 11-12 hour days for a pittance even though she is scheduled for 8. Your girlfriend should lawyer up. Chinese contract law is no joke!
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# ? May 7, 2014 02:00 |
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I thought hourly wage was a capitalistic thing in capitalist countries only. And those who are working in Starbucks, KFC, McDonalds etc in China are paid hourly.
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# ? May 7, 2014 02:07 |
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B-Rad posted:Really? Tell that to my girlfriend who works for a state-owned company and has to put in 11-12 hour days for a pittance even though she is scheduled for 8. Quit that job then.
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# ? May 7, 2014 02:09 |
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Y'all should read china law blog, you'd know all about this stuff. Also reminder that it's illegal for Tibetan Buddhists to reincarnate in China.
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# ? May 7, 2014 02:22 |
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China Law Blog posted:Here’s China general system: http://www.chinalawblog.com/2012/02/overtime_pay_in_china_what_ya_gonna_do.html
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# ? May 7, 2014 02:51 |
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quote:Here’s China general system: Fixed that for you.
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# ? May 7, 2014 03:15 |
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This is why you are an all-star poster.
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# ? May 7, 2014 03:18 |
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The Worst Muslim posted:Fixed that for you. Hmm, yes.
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# ? May 7, 2014 03:22 |
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Ceciltron posted:Your girlfriend should lawyer up. Chinese contract law is no joke!
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# ? May 7, 2014 05:17 |
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kwantingus posted:I thought hourly wage was a capitalistic thing in capitalist countries only. And those who are working in Starbucks, KFC, McDonalds etc in China are paid hourly. China is proof that you can disregard hourly wages commonly and still be capitalist as hell.
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# ? May 7, 2014 09:25 |
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I'm kind of in disbelief about the hourly wage, I've lived here 5 years and never met a single person who only works 8 hours a day, or gets overtime pay. Most people work 6 days a week, even.
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# ? May 7, 2014 14:07 |
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My girlfriend will go to work for 2 hours at most to practice dancing maybe 3 or 4 days out of a month and she gets 3000RMB, I want her job.
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# ? May 7, 2014 14:43 |
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Jimmy Little Balls posted:My girlfriend will go to work for 2 hours at most to practice dancing maybe 3 or 4 days out of a month and she gets 3000RMB, I want her job. Is she a
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# ? May 7, 2014 14:54 |
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I don't speak much Chinese and she doesn't speak much English so I'm not sure exactly what she does and even my friends who speak fluent Chinese aren't really sure, she works for a make up company and the closest guess is some sort of events coordinator who also models and dances sometimes.
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# ? May 7, 2014 15:04 |
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quote:I don't speak much Chinese and she doesn't speak much English so I'm not sure exactly what she does wtf
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# ? May 7, 2014 15:09 |
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bad day posted:I'm kind of in disbelief about the hourly wage, I've lived here 5 years and never met a single person who only works 8 hours a day, or gets overtime pay. Most people work 6 days a week, even. There might be different enforcement for foreign and domestic companies. I can't find the post right now, but one of the China Law Blog posts mentioned he'd seen tons of cases in recent years where former employees sued their American companies for not paying overtime, and the companies either lost or settled out of court over 99% of the time. This is from a different but related post: China Law Blog posted:Our experience says that if a Chinese ex-employee ends up pursuing legal (or governmental) remedies against its American employer, the American employer is going to lose virtually every time. Arguments like the following have virtually no chance of prevailing: Also, this blog is pretty entertaining for reading how stupid American businessmen can be: China Law Blog posted:A U.S. company forms its Wholly Foreign Owned Enterprise (a WFOE) in China and builds a really nice factory there. Then, with a couple weeks to go before its factory is set to begin operations, it learns that China is not going to let them import the key chemical needed for their product. This company had spent nearly a year and nearly a million dollars getting the United States environmental protection agency to approve this particular chemical in its product and they just assumed that because this chemical had been deemed safe in the United States, it could use it in China without having to prove a thing to anyone there. It had never even occurred to this company that China has its own environmental regulations and its own Environmental Protection Agency and that China would require this chemical to go through China testing and would not just accept U.S. EPA testing standing alone. Does anyone think this US company would have thought it could import a chemical into the United States simply because the chemical was on an approved list in China?
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# ? May 7, 2014 15:10 |
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Jimmy Little Balls posted:I don't speak much Chinese and she doesn't speak much English so I'm not sure exactly what she does and even my friends who speak fluent Chinese aren't really sure, she works for a make up company and the closest guess is some sort of events coordinator who also models and dances sometimes. Cool bro sounds uncomplicated.
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# ? May 7, 2014 15:13 |
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ChinaLawBlog posted:A U.S. company forms a sweatshop in China and builds a really oppressive factory there. Then, with a couple weeks to go before its factory is set to begin operations, it learns that China needs a bribe in order to import the key chemical needed for their product. This company had spent nearly a year and nearly a million dollars lobbying the environmental protection agency to let this potentially harmful chemical in its product and they just assumed that because they had bribed the necessary parties in the US, that they wouldn't have to bribe anyone in China. It had never even occurred to this company that China requires kickbacks for foreign companies to exploit its cheap labor.
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# ? May 7, 2014 15:15 |
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systran posted:wtf We know enough of each others languages to have basic conversations, just need to look up words occasionally. Can't really have conversations that are too in depth but we have lots of friends who are pretty much fluent in both languages who can help out if we ever have any problems. Being with her forces me to use Chinese so I'm improving much faster than I was before, and her English is getting better too.
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# ? May 7, 2014 15:17 |
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Jimmy Little Balls posted:We know enough of each others languages to have basic conversations, just need to look up words occasionally. Can't really have conversations that are too in depth but we have lots of friends who are pretty much fluent in both languages who can help out if we ever have any problems. Being with her forces me to use Chinese so I'm improving much faster than I was before, and her English is getting better too. Nice language exchange
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# ? May 7, 2014 15:32 |
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"Yes, Me and Ping Pong here love each other very much" "什么意思“ What does that mean? ”It's all about love and understanding each other" "你是谁?” Who are you? "Look, when two people go into a relationship it's important to establish communication, and I think we make do" "求你给我回家“ Please let me go home
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# ? May 7, 2014 15:45 |
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Oh yeah, that's cool. But are you sure that she thinks that you are just having fun for a year? Let me tell you something about Chinese women...
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# ? May 7, 2014 15:51 |
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systran nailed it about the business, which was stupid for thinking it wouldn't have to bribe its way past a pay-to-play government.Jimmy Little Balls posted:We know enough of each others languages to have basic conversations, just need to look up words occasionally. Can't really have conversations that are too in depth but we have lots of friends who are pretty much fluent in both languages who can help out if we ever have any problems. Being with her forces me to use Chinese so I'm improving much faster than I was before, and her English is getting better too. fearcotton and I have talked about this quite a lot before. Neither of us can fathom dating someone, let alone marrying someone, when there isn't a common language both parties are fluent in. Not knocking it, we just don't really understand how that works. Being able to discuss anything and everything without any difficulties is pretty much the most important part of our own marriage. blinkyzero fucked around with this message at 15:57 on May 7, 2014 |
# ? May 7, 2014 15:54 |
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All businesses are stupid for thinking they won't pay for their class traitorism.
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# ? May 7, 2014 15:56 |
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Arglebargle III posted:All businesses are stupid for thinking they won't pay for their class traitorism. Oh look, another red.
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# ? May 7, 2014 15:59 |
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MeramJert posted:There might be different enforcement for foreign and domestic companies. I can't find the post right now, but one of the China Law Blog posts mentioned he'd seen tons of cases in recent years where former employees sued their American companies for not paying overtime, and the companies either lost or settled out of court over 99% of the time. This is from a different but related post: Man, I love China Law Blog it's right up there with the now slightly less useful Sinocism newsletter. Some of the best China content around.
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# ? May 7, 2014 16:59 |
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systran posted:Oh yeah, that's cool. But are you sure that she thinks that you are just having fun for a year? Let me tell you something about Chinese women... I think income and age are always big factors. If she's having a budding career and moving up while you are hovering around the same contract year after year - yeah she's probably going to be the one calling the shots. Then there's also the difference in socio-economic class. Now non Chinese are in a weird position but sooner or later everyone gets sized up and will see how well people will mesh with each other. But yeah, but you should rather be the party pooping unsuave guy bringing up "the talk" than running along ambiguities. Don't be that rear end in a top hat leading the other person on for short term gratification.
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# ? May 7, 2014 19:24 |
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caberham posted:But yeah, but you should rather be the party pooping unsuave guy bringing up "the talk" than running along ambiguities. Don't be that rear end in a top hat leading the other person on for short term gratification. Caberham is correct. On the other hand, if you aren't willing to be that rear end in a top hat, someone else certainly will be. That's one of the saddest things I realized while living in China.
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# ? May 7, 2014 19:52 |
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MeramJert posted:Y'all should read china law blog, you'd know all about this stuff. Also reminder that it's illegal for Tibetan Buddhists to reincarnate in China. China law blog is best blog: http://www.chinalawblog.com/2014/04/four-common-china-law-mistakes-to-avoid.html quote:3. Lawyers often call us for “tips” on handling an arbitration in China (usually with CIETAC). We always quickly ask whether the contract calls for the arbitration to be in English or whether the lawyer calling us (or some other lawyer) on the case is fluent in Chinese. This virtually always elicits a really long silence and then they say something about how they had just assumed that their case (usually set for hearing in a month or two) would be in English. My cousin's firm in Shanghai used to rent him out to U.S. firms trying to handle litigation in China because even a lot of big NYC and Boston organizations have absolutely no one who can speak Chinese, let alone understand even the beginnings of Chinese law. This was still true as of a couple years ago when he moved home to the States with his wife to raise their daughter (and he still works for the Shanghai firm via teleconferencing because the demand is still that large). He had a choice in the late 80s between going to Japan with his J.D. and taking that path or going to China. Everyone was telling him to go to Japan. Considering the time, not surprising, but going against the grain has served him really, really well.
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# ? May 7, 2014 21:21 |
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Jimmy Little Balls posted:My girlfriend will go to work for 2 hours at most to practice dancing maybe 3 or 4 days out of a month and she gets 3000RMB, I want her job. Jimmy Little Balls posted:I don't speak much Chinese and she doesn't speak much English so I'm not sure exactly what she does and even my friends who speak fluent Chinese aren't really sure, she works for a make up company and the closest guess is some sort of events coordinator who also models and dances sometimes. Come on man. 2 hours, 3 or 4 days a month. She's someones mistress. Maybe the 3rd or fourth one if shes only getting 'called in' 3 times a month to 'plan events'.
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# ? May 8, 2014 02:40 |
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One thing that I've gotten out of the last 10 years is that whatever middle aged adults tell you to do when you're 18, you probably should not do that.
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# ? May 8, 2014 02:52 |
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tbh I know a few models in Chengdu and they really do model and only work that much. They post things on wechat like "im bored" with a pic of their legs or a Starbucks coffee and get about 90000 replies of 好看
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# ? May 8, 2014 02:55 |
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You got classy friends if they only say 好看
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# ? May 8, 2014 04:03 |
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Magna Kaser posted:tbh I know a few models in Chengdu and they really do model and only work that much. They post things on wechat like "im bored" with a pic of their legs or a Starbucks coffee and get about 90000 replies of 好看 nice bragpost
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# ? May 8, 2014 08:31 |
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Guestbob posted:nice broguepost WSJ posted:quote: Ohhhh poo poo. Shamelessly stolen from the other china thread. No, the other other one. In D&D. But not the one you're thinking of, the other one in D&D. Arglebargle III fucked around with this message at 09:49 on May 8, 2014 |
# ? May 8, 2014 09:15 |
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That's not good. That could spread any eventual shock in housing across the economy even more quickly, since good companies would be dragged down by collapsing businesses that owed them money. edit: Hahah, holy poo poo. The interest rate right now is 6 percent, and these companies are taking out entrusted loans at several times that. So, what, 12-32%? Gold standard! Safe as houses! TheBalor fucked around with this message at 11:29 on May 8, 2014 |
# ? May 8, 2014 11:18 |
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Yup and the size of those numbers is worrying. $115 billion increase in the last three months, although it's unclear from the wording what exactly they're measuring that against. $115 billion is a lot of money; I wonder how much the shadow banking sector is estimated to be in total... so I went and found it. $5.8 trillion, which is not great but actually not what you'd expect if China was on the brink of following the US's complete financial meltdown act. A $115 billion in increase in the first three months of 2014 would be a 2% increase, but the terms aren't worded clearly enough to be sure whether it's a 2% annual increase or a 2% increase in real terms. I'm leaning towards 2% only in the first three months judging by the fact that it grew 50% last year. businessweek posted:Just how big is China’s shadow banking sector? According to JPMorgan Chase (JPM) it is as large as 36 trillion yuan ($5.86 trillion). That’s equivalent to 69 percent of China’s gross domestic product and almost double what it was two years earlier. “It is the rapid growth in shadow banking (instead of its size) that could generate systemic risk,” JPMorgan’s Chief China Economist, Haibin Zhu, wrote in a May 3 economic research note. $5.8 trillion is not an encouraging number but it's actually not comparable to the US shadow banking sector which hit an astonishing $20 trillion in 2008, which was significantly larger than the actual banking sector. The Chinese banking sector is something like $16 trillion so the ratio is a lot better. But who knows how big shadow banking in China really is, with Li Keqiang on the record saying that China's economic numbers are all lies and JP Morgan not being exactly the most honest or most farsighted people? I think the size of the US shadow banking sector wasn't really identified until after 2008 because people weren't calling financial derivatives a form of shadow banking which in retrospect it was. Arglebargle III fucked around with this message at 12:13 on May 8, 2014 |
# ? May 8, 2014 12:07 |
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# ? May 14, 2024 17:05 |
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I think the difference is that China's shadow banking industry is mainly just China. The US's shadow banking sector is probably hiding some nasty poo poo for the entire world.
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# ? May 8, 2014 14:42 |