Economics
China Tells Global Companies to Start Taking Care of Workers
- China to focus on rising living standards and cleaner skies
- Starbucks insures parents of workers, Tesla eyes China plant
Key Takeaways From China's Party Congress
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Chinese President Xi Jinping emerged from this week’s Communist Party Congress radiating more power than a supernova. He also may have shifted the corporate terrain by presenting a new economic vision in which rising living standards take primacy over high-speed growth.
One big takeaway from Xi’s marathon three-and-a-half hour policy speech last week is that the next five years will be less about stoking economic growth and more about improving quality of life in a country with a vast wealth gap, housing bubble and world-class pollution challenges.