China Daily: “Civil servants in one city in central China may lose their “iron rice bowl” under a pilot program to be launched this year, the Zhengzhou Evening News reported Monday.
Members of the civil service will be hired under contract rather than with a lifetime job guarantee, according to Zhengzhou Administration of Civil Servants.
The contract normally lasts one to five years, and whether it will be renewed will depend on their performances in the post, according to the new system, which was first adopted in 2007 by South China’s Shenzhen city to increase competitiveness and efficiency in government agencies.
The program is also being mulled by other provinces such as Southwest China’s Sichuan, East China’s Jiangsu and Central China’s Hubei.
“Iron bowl” or “iron rice bowl” are terms to describe a stable occupation for life in China, such as a civil servant.”
via ‘Iron rice bowl’ ban served up in another city |Society |chinadaily.com.cn.
No more job guarantees for civil servants, just like in most Western countries.
It made 177 outbound acquisitions worth a combined $63.1 billion last year, five times more than in 2005, the study by Mergermarket and Squire Sanders, the law firm, found. Deals are also growing in value, with the planned $15.1 billion takeover of Nexen, the Canadian oil sands explorer, by the state-owned CNOOC set to be China’s biggest-ever foreign acquisition, if it goes ahead.
China Daily: “Home Depot Inc, the largest home-improvement retailer in the United States, said it is closing its remaining seven big box stores in China as it shifts its focus to specialty and online outlets in the world’s second-largest economy.
CHINDIA ALERT: You'll be living in their world, very soon 