Just to add some more context and info that was left off from this English summary.
The new “Company Law” allows companies to use capital reserve funds to make up for losses in accordance with regulations, breaking the current “Company Law” that does not allow the use of capital reserve funds to make up for company losses.
The new “Company Law” further improves the provisions that shareholders, directors, supervisors and senior executives should bear liability for compensation when a company illegally distributes profits.
) The new Company Law adds a new liability clause for damages caused by directors and senior managers to third parties due to the performance of their duties, in order to strengthen the responsibilities of company directors and senior managers and improve the level of corporate governance.
This new 公司法 amendment was passed last December and seems to not only strengthen worker powers but also seems to increase liability for upper leadership. If you’re interested in reading more from a Chinese language source this is the new law in full text: http://paper.people.com.cn/rmrb/html/2024-01/02/nw.D110000renmrb_20240102_1-14.htm. and here is a summary: https://www.zhonglun.com/research/articles/52526.html Translation software works well with both.
Another great example about how disconnected the average westerner is from the material condition that most of the world faces. If you even take a second to look at the conditions that were necessary to preempt revolutions like that seen in China, Russia, Haiti, or as we see now the resistance of the Palestinians it becomes quite clear the question is not whether there will be medicine for sick children or whether child support comes through. The reality is that there will be NO hospitals and NO organization to even process the concept of child support. The liberal tendency to put the cart before the horse and insert their idealized concept of revolution into what they think revolutionary times might look like is what I personally see as one of the greatest divides in thought between them and some of the older relatives in my family I have had the chance to talk to. For my older relatives that lived through the war and revolution it was do or die. Just goes to show how far away any real chance of revolution is here in the west.