MGT 4330 Industrial Relations-China

Facts

Population 1.35 Billion GDP-2012

Total: $12.38 trillion(2nd) Per capita: $9,146(91st)

Ethnic groups: 91.51% Han Currency : RMB

Culture

Culture

Architectures

Great Wall

Chinese Characters

劳资关系 (Industrial Relations)

Calendar

Economy

Labor force:795.5 million (1st; 2010) Average gross salary: $457 monthly

(2010) World's largest producer and

consumer of agricultural products Trade partners: USA 17.1%, Hong

Kong 14.1%, Japan 7.8%, South Korea 4.4%, Germany 4%

Foreign Reserves: $3.28 trillion (2012)

Corporations

Industrial Relations All-China Federation of Labor (ACFTU)

Founded in July 1921 The only legally recognized trade union

Not a member of International Trade Union Confederation

Lead by the Communist Party of China

Waive Registration

Goal of ACFTU

1. Protect labor's legal profits and rights

2. Attract labors to participate revolution and finish economic development task

3. Represent labors involve with organization's management.

4. Direct and educate labors improve ethic and knowledge level.

Industrial Relations

To Be Continued…