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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 8

China Business Intelligence No. 8

Samsung Economic Research Institute Beijing Office

Nov. 17, 2006

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Highlights

I. China's Contract Labor Law Current Status and Trajectory

  1. The labor contract law continued to be delayed amid intense debate. It is not clear whether the Sixth Plenum of the 16th Central Committee of the Communist Party of China (CPC) discussed the law's current status and it is quite possible the law's passage will be delayed indefinitely.
  2. A majority of dissenting opinions are concerned over a clause that would make it more difficult to fire workers, thus limiting employment opportunities offered by companies. In contrast, those in favor of the law claim that the labor contract law would help protect workers' rights that had been largely ignored until now.
  3. Whatever the final outcome, the labor contract law is expected to be passed in the first half of 2007. Although there are still disputes surrounding the initial draft of the law, it is inevitable that further legal measures to "protect the disadvantaged and the weak" will be introduced.

II. How Baidu Is Beating Google in China

  1. On October 17, 2006 , Baidu and Viacom struck a deal to cooperate on providing content for the new search engine's "MTV zone." Viacom's MTV will provide 15,000 hours of programming for Baidu's new television and music video service and license music videos from Asia's five top music companies."
  2. Zhongshan Library signed on October 18, 2006 a strategic cooperation agreement with Baidu to open an online library at the end of 2006. "10,000 Volumes" will be China's first online library.
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