As Minxin Pei has pointed out, senior Chinese leaders remain determined to maintain control over China’s massive banking sector, using it to accomplish a host of policy and political outcomes.
Economic growth and the transition to a market economy have strained the employment relationship, leading to rising disputes. Labour disputes grew between 1994 and 2006 from 19,098 to about 317,000, including 14,000 collective labour disputes involving 350,000 workers, or 51 per cent of the total workers involved in labour disputes.
Jufang Wang argues that the threatened banning of the Chinese video-sharing platform TikTok on ‘national security’ grounds would undermine much-needed competition within the tech industry and lead to a more fractured ‘splinternet’.
China has achieved considerable success in building the necessary institutions for a functional legalsystem. However, it seems that the Chinese government is more willing to nurture rule of law in certain areas, while striving to maintain excessive administrative discretion in other areas.