The Chinese government is gaining an unlikely ally in its effort to overhaul the economy: striking Chinese workers.

So far this year, the China operations of International Business Machines Corp., PepsiCo Inc., Wal-Mart Stores Inc., and Yue Yuen Industrial Holdings Ltd., a major supplier to Nike Inc. and Adidas AG, all have been idled by labor protests.

"This is not a blip," says Dan Harris, a Seattle-based attorney representing companies operating in China. "It's going to continue and get worse."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.