China in 2 minutes a day
Top news and analysis delivered to your inbox

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,'" reports David Stanway. "But the order, part of a plan to reduce financial pressure on bloated and heavily indebted state-owned enterprises (SOEs), is likely to be easier said than done as cities navigate the social and financial wrenches the changes will cause."
6 months ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
Top news and analysis delivered to your inbox