Labor arbitration cases soaring in Guangzhou

The News Review:

- Labor arbitration cases soaring in Guangzhou
- Slumping trade a sign of great fall for China
- China yuan ends at 6.8513 to US dollar vs 6.8633 in OTC trade
- 240000 monitors guarantee Guangzhou’s public security

Labor arbitration cases soaring in Guangzhou
红璠China 
Yan Source:?¹?¨ Updated: 2008-12-11 15:30:47 ¡¡¡¡GUANGZHOU – High numbers of company closures and large-scale redundancies have led to a surge in labor arbitration cases in Guangzhou a senior official said on Monday. ¡¡¡¡Xie Yingjian director of the arbitration office of the Guangzhou labor and social security bureau said that by the end of last month more than 60000 applications had been made for arbitration this year. ¡¡¡¡The figure is about the same as the combined total for the previous two years he said. ¡¡¡¡”There has been a sharp increase in the number of cases since May” he said. ¡¡¡¡”About 60 percent of them are claims for back pay with most of the rest being appeals for compensation from people who have been made redundant.

Slumping trade a sign of great fall for China
Los Angeles Times CA 
Auto sales have fallen along with other economic activity in China the official Xinhua news agency said. GLOBAL ECONOMY Slumping trade a sign of great fall for China.

China yuan ends at 6.8513 to US dollar vs 6.8633 in OTC trade
Forbes NY 
8513 against the US dollar on the over-the-counter (OTC) market up from 6. On the exchange-traded market the yuan closed at 6. 8640 the previous session a Guangzhou-based trader with a foreign bank said. com:%20China%20yuan%20ends%20at%206.
Related from Liquidityx: FOREX-Shaky stocks support yen interest rates in focus

240000 monitors guarantee Guangzhou’s public security
People’s Daily Online China 
execCommand(”saveAs”)>. And a video monitoring system to monitor the public security throughout the city for 24 hours has been set up. It is learned that the video monitoring system has provided crucial clues for many major cases in Guangzhou. Since 2006 with the help of the system the Guangzhou police have uncovered over 5700 clues solved more than 3400 cases and captured over 4300 criminal suspects. With the basic completion of the system crimes have been effectively reduced and the local satisfaction with public security has greatly increased.

Written by admin on December 11th, 2008 with no comments.
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