Bloomberg Businessweek

China’s Job Protections

• Companies feel pressure not to shed workers even if their business is suffering

“We won’t slash jobs, but we can’t pay you either.”

That’s what the founders at a 200-person startup that created one of China’s most popular running apps told some of their employees in March. The statement sums up the predicament now faced by businesses across much of China, where the government is asking companies not to fire workers and offering incentives to keep them on the books.

In February revenue at the Guangzhou-based company dropped to less than 10% of its usual monthly level as government-mandated measures to contain the spread of the novel coronavirus confined runners to

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