Solving recession
Now Jin Liqun, chairman of the giant China Investment Corporation, thoughts on our “sloth-inducing” labour laws and our “lavish welfare system” have been reported.
He says that these lie at the root of our economic malaise and until welfare payments are slashed and our restrictive labour laws binned, we will not escape this recession. Jin also makes the preposterous suggestion that “the British people need to work a lot harder, they need to work a lot longer and they must become more innovative”.
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Hide AdChina’s 25-year industrial miracle may represent the most sustained and rapid economic transformation since post-war Germany, but no-one here wants to know.
(Dr) JOHN CAMERON
Howard Place
St Andrews, Fife