On July 9, a fire burned through a shoe factory in Jinjiang, Fujian province, killing at least 28 people. The accident signals a larger problem: firms operating under financial pressure often cut costs by compromising safety. China’s low-cost business model needs reform, but why has change been...
Source: [SCMP](https://www.scmp.com/opinion/china-opinion/article/3360533/why-chinas-low-cost-business-model-resists-reform?utm_source=rss_feed)