A Communist should have largeness of mind and he should be staunch and active, looking upon the interests of the revolution as his very life and subordinating his personal interests to those of the revolution; always and everywhere he should adhere to principle and wage a tireless struggle against all incorrect ideas and actions, so as to consolidate the collective life of the Party and strengthen the ties between the Party and the masses; he should be more concerned about the Party and the masses than about any private person, and more concerned about others than about himself. Only thus can he be considered a Communist.
(Reuters) - Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about - China.
Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around a decade, giving workers the unlikely luxury of job-hopping during a downturn.
Official data shows China’s average annual wages in 2011 were 42,452 yuan in state-owned firms, 24,556 yuan in the private sector, 56,061 yuan in Beijing and 52,655 yuan in Shanghai. The government has decreed minimum wages should grow by an average of at least 13 percent in the five years to 2015.
With home prices nationwide still hovering close to record levels - down just 3-4 percent from all-time highs in Beijing and Shanghai, private sector data shows - workers say they cannot compromise on pay.
The no-nonsense approach to pay is one reason firms such as KFC parent Yum Brands Inc are reporting quarterly profits that miss investor expectations, and blaming higher wage costs as a key reason for doing so.