Heralding Social, Financial Change, China Aims Blow at Iron Rice Bowl
China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl"
China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl"
Government jobs are now the top choice for many of China’s job seekers, according to a survey released this week, in a finding that illustrates an undercurrent of unease in the world’s No. 2 economy.