{"id":154977,"date":"2026-07-22T08:30:07","date_gmt":"2026-07-22T08:30:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=154977"},"modified":"2026-07-22T08:30:07","modified_gmt":"2026-07-22T08:30:07","slug":"why-chinas-low-cost-business-model-resists-reform","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=154977","title":{"rendered":"Why China\u2019s low-cost business model resists reform"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostOn July 9, a fire burned through a shoe factory in Jinjiang, Fujian province, killing at least 28 people. The accident signals a larger problem: firms operating under financial pressure often cut costs by compromising safety.<br \/>\nChina\u2019s low-cost business model needs reform, but why has change been so difficult?<br \/>\nThe plant that burned employed hundreds of workers, yet company filings for 2025 indicate that only a handful of them were enrolled in pension and medical insurance plans. A fire-safety&#8230;<a href=\"https:\/\/www.scmp.com\/opinion\/china-opinion\/article\/3360533\/why-chinas-low-cost-business-model-resists-reform?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostOn July 9, a fire burned through a shoe factory in Jinjiang, Fujian province, killing at least 28 people. The accident signals a larger&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/154977"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=154977"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/154977\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=154977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=154977"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=154977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}