Morgan Stanley is still calling for a 10%-20% crash — protect yourself this way
The future of China’s work culture
In a late-August ruling, China’s supreme court declared one of the country’s most infamous work practices illegal. Indeed, while the August 26 Supreme Court decision and issuance of guidelines from the Ministry of Human Resources will impact tech firms and their well-educated, well-compensated employees, the case itself dealt with a worker much farther down the digital economy hierarchy: a logistics worker making a salary of 8,000RMB (roughly $1,240) per month, which is just slightly below the average of the country’s 37 largest cities. China’s regulators appear to be sending a message to employers and employees alike that the rules that define their relationship must change.