During the negotiation to resolve the US-China trade war, the US side complained that China was subsidizing its state owned enterprises and gave them an advantage over American businesses.
The Chinese side explained that the state subsidy was necessary to ensure that these enterprises are able to continue to keep the workers employed. If the workers are retrenched, it would lead to a loss of income and social unrest.
I consider the explanation from the Chinese side to be fair and acceptable. It is the role of a govt to ensure that the workers have jobs. It is harmful to see massive retrenchment and unemployment, which could lead to all kinds of social problems.
Rather than criticize China, other countries should also find ways to keep their workers gainfully employed and able to earn a living wage. They should follow the example of China.
My comment apply to Singapore as well. (HSK - I hope that you are listening!).
https://tklcloud.com/Feedback/feedback2.aspx?id=2591
https://tklcloud.com/Feedback/feedback2.aspx?id=2591
The Chinese side explained that the state subsidy was necessary to ensure that these enterprises are able to continue to keep the workers employed. If the workers are retrenched, it would lead to a loss of income and social unrest.
I consider the explanation from the Chinese side to be fair and acceptable. It is the role of a govt to ensure that the workers have jobs. It is harmful to see massive retrenchment and unemployment, which could lead to all kinds of social problems.
Rather than criticize China, other countries should also find ways to keep their workers gainfully employed and able to earn a living wage. They should follow the example of China.
My comment apply to Singapore as well. (HSK - I hope that you are listening!).
https://tklcloud.com/Feedback/feedback2.aspx?id=2591
https://tklcloud.com/Feedback/feedback2.aspx?id=2591
To achieve billions of dollars in surpluses, are people being overtaxed or ripped off? Is there a reason to increase GST?
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