Organisations have a mixed outlook on what the transition to electric vehicles, and an influx of Chinese imports and investments in factories, mean for workers.
Delivering his address at the World Economic Forum, vice-premier Ding Xuexiang said China’s green pursuits are long-term and not “an act of expediency”. He is the first senior Chinese leader to address concerns over an imminent tariff war since US president Donald Trump kicked off his second term.
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“Homeshoring”, or moving production back to a company’s home country, to counter geopolitical tensions is driving demand for low-cost migrant workers, raising labour risks in markets once deemed “low risk”, says the global assurance firm.