Iron Rice Bowl
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Iron Rice Bowl
"Iron rice bowl" () is a Chinese term for an occupation with guaranteed job security. The Chinese term can be compared to the similar (but not identical) English concept of a "job for life". Traditionally, people considered to have such positions include military personnel, members of the civil service, as well as employees of various state-owned enterprises (through the mechanism of the work unit). Origin The origin of the term "iron rice bowl" came from Jǐ Yún's journal, ''Notes of the Thatched Abode of Close Observations'' ()(The Shadow Book of Ji Yun', Empress Wu Books, 2021): A beautiful maid works in a squire's home. One day, the maid breaks a bowl, but the squire does not punish her because of her beauty. After that, the maid breaks more and more bowls. In response, the squire decides to change all of the bowls to iron bowls. The maid does not need to work, but she still gets paid. Therefore, the "iron rice bowl" is described as a stable or even a lifelong occupation t ...
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Job Security
Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few. Basic economic theory holds that during periods of economic expansion businesses experience increased demand, which in turn necessitates investment in more capital or labor. When businesses are experiencing growth, job confidence and security typically increase. The opposite often holds true during a recession: businesses experience reduced demand and look to downsize their workforces in the short term. Governments and individuals are both motivated to achieve higher levels of job security. Governments attempt to do this by passing laws (such as the U.S. Civil Rights Act of 1964) which make it illegal to fire employees for certain reasons. Individuals can influence their degree o ...
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Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ...
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Five-year Plans Of China
The Five-Year Plans () are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national congresses. The party plays a leading role in establishing the foundations and principles of Chinese communism, mapping strategies for economic development, setting growth targets, and launching reforms. Planning is a key characteristic of the nominally socialist economies, and one plan established for the entire country normally contains detailed economic development guidelines for all its regions. In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy ( socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" () instead of as "plans" (). China's ...
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Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and foreign trade. Located in this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP; Guangzhou, the capital of the province, and Shenzhen, the first special economic zone in the count ...
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World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governmentsUnderstanding the WTO' Handbook at WTO officia ...
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15th National Congress Of The Chinese Communist Party
The 15th National Congress of the Chinese Communist Party (Simplified Chinese: 中国共产党第十五次全国代表大会) was held in Beijing between September 12 and 18, 1997. It was preceded by the 14th National Congress of the Chinese Communist Party. It was followed by the 16th National Congress of the Chinese Communist Party. 2,048 delegates and 60 specially invited delegates elected a 344-member 15th CCP Central Committee, as well as a 115-member Central Commission for Discipline Inspection (CCDI). This change in membership made the new average age of the CCP 55 and percentage of members holding university or college level education 92.4%. Jiang Zemin was reappointed CCP General Secretary and Chairman of the Central Military Commission. Changes to the constitution The constitution was changed to make Deng Xiaoping Theory a guiding ideology of the Chinese Communist Party alongside Marxism-Leninism and Mao Zedong Thought. It was revealed in a presentation by Jiang Zemin ...
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Socialism With Chinese Characteristics
Socialism with Chinese characteristics ( zh, s=中国特色社会主义, hp=Zhōngguó tèsè shèhuìzhǔyì) is a set of political theories and policies of the Chinese Communist Party (CCP) that are seen by their proponents as representing Marxism–Leninism adapted to Chinese circumstances and specific time periods, consisting of Deng Xiaoping Theory, Three Represents (Jiang Zemin), Scientific Outlook on Development ( Hu Jintao), and Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. In this view, Xi Jinping Thought is considered to represent Marxist–Leninist policies suited for China's present condition while Deng Xiaoping Theory was considered relevant for the period when it was formulated. The term entered common usage during the era of Deng Xiaoping and was largely associated with Deng's overall program of adopting elements of market economics as a means to foster growth using foreign direct investment and to increase productivity (especially ...
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Socialist Market Economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms. Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Some commentators describe the system as a form of "state capitalism", while others describe it as an original evolution of Marxism, in line with Marxism–Leninism similar to the "New Economic Policy" of the Soviet Union, adapted to the cohabitation with a globalized capitalist system. Description The economic reform toward a sociali ...
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Jiang Zemin
Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as chairman of the Central Military Commission from 1989 to 2004, and as president of China from 1993 to 2003. Jiang was paramount leader of China from 1989 to 2002. He was the core leader of the third generation of Chinese leadership, one of only four core leaders alongside Mao Zedong, Deng Xiaoping and Xi Jinping. Jiang Zemin came to power unexpectedly as a compromise candidate following the 1989 Tiananmen Square protests and massacre, when he replaced Zhao Ziyang as CCP general secretary after Zhao was ousted for his support for the student movement. At the time, Jiang had been the party leader of the city of Shanghai. As the involvement of the "Eight Elders" in Chinese politics steadily declined, Jiang consolidated his hold on power to become the "paramount leader" in the country during the 1990s. Urged by D ...
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General Secretary Of The Chinese Communist Party
The general secretary of the Chinese Communist Party () is the head of the Chinese Communist Party (CCP), the sole ruling party of the People's Republic of China (PRC). Since 1989, the CCP general secretary has been the paramount leader of the PRC. Overview According to the Constitution of the Chinese Communist Party, the general secretary serves as an ''ex officio'' member of the Politburo Standing Committee, China's ''de facto'' top decision-making body. The general secretary is also the head of the Secretariat. Since 1989, the holder of the post has been, except for transitional periods, the Chairman of the Central Military Commission, making the holder the supreme commander of the People's Liberation Army. The position of general secretary is the highest authority leading China's National People's Congress, State Council, Political Consultative Conference, Supreme People's Court and Supreme People's Procuratorate in the Chinese government. As the top leader of the w ...
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Constitution Of The People's Republic Of China
The Constitution of the People's Republic of China is the supreme law of the People's Republic of China. It was adopted by the 5th National People's Congress on December 4, 1982, with further revisions about every five years. It is the fourth constitution in PRC history, superseding the 1954 constitution, the 1975 constitution, and the 1978 constitution. History The first Constitution of the People's Republic of China was declared in 1954. After two intervening versions enacted in 1975 and 1978, the current Constitution was declared in 1982. There were significant differences between each of these versions, and the 1982 Constitution has subsequently been amended five times. In addition, evolving constitutional conventions have led to significant changes in the structure of the Chinese government in the absence of changes in the text of the Constitution. Structure #Preamble #General Principles (Chapter 1) #The Fundamental Rights and Duties of Citizens (Chapter 2) #Th ...
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Fixed-term Employment Contract
A fixed-term contract is a contractual relationship between an employee and an employer that lasts for a specified period. These contracts are usually regulated by countries' labor laws, to ensure that employers still fulfill basic labour rights regardless of a contract's form, particularly unjust dismissal. Generally, fixed-term contracts will automatically be deemed to have created a permanent contract, subject to the employer's right to terminate employment on reasonable notice for a good reason. In the European Union the incidence of fixed-term contracts ranges from 6% in the UK to 23% in Spain, with Germany, Italy and France between 13% and 16%. By country Due to the potential job insecurity that multiple fixed-term contracts may cause, employment laws in many countries limit the circumstances and the way these contracts may be used. In countries where labour law is more restrictive (compensation/indemnity for dismissal), the differentiation between fixed-term and permanent cont ...
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