Glob: China Flashcards
1
Q
Tax incentives?
A
Special economic zones: - no tax for 2 years -7.5% tax for next 3yrs -15% tax after (30% everywhere else)
2
Q
Cheap labour?
A
China has no minimum wage across country
U.K. Is 990£ month
Beijing is 70£ month
Means low manufacturing costs
3
Q
Long working hours?
A
China is 40hrs a week and a max 36hrs overtime
4
Q
Less health and safety
A
Means less money spent on keeping employees safe
5
Q
Special economic zones
A
Shenzhen factories make products for companies like Wal-Mart, Dell and IBM
30$ billion investment by TNC
6
Q
No strikes
A
Only allowed to be part of the ACFTU Union
