Crowds of Chinese piled on to trains yesterday in the biggest migration of humanity on the planet as hundreds of millions travel back to their home provinces for the Lunar New Year.
But some can't afford a family holiday. Many of the poor migrant workers who have flooded into China's cities have been cheated of their wages by their bosses, despite growing government efforts to stop the fraud.
The shadow of sickness has also threatened to dampen spirits this year.
Most Chinese were set to spend yesterday night, the eve of Spring Festival, at home with their families.
But migrant workers slumped over in the shadows of the Beijing railway station yesterday were not going home to their families.
"How can we go home? The boss ran off and didn't give us a cent," snapped Yang Jianguo, a 48-year-old from Hebei province sprawled on the floor.
Breathing fumes of sorghum-based moonshine, he launched into a classic account -- dubious builders, fly-by-night contractors, callous officials -- repeated yearly like a broken record by down-in-the-mouth migrants who fail to collect wages.
This Lunar New Year, China's new Communist leaders are trying as hard as ever to change that, observers say.
End-of-year gross domestic product figures announced on Tuesday saw year-on-year growth of 9.1 percent.
But many of the rural migrants who build China's highways and villas and contribute to that impressive growth are mired in poverty and debt, often because they received no wages.
Hu and Wen have both issued orders to find ways to dig workers and peasants out of debt, official media said.
State television has saturated the airwaves with melodramas about people finally collecting their unpaid wages.
Some must run bureaucratic obstacle courses before breaking through red tape, others simply wait, like one Shanxi province man who has just been paid for work he did on a road in 1993 to 1994.
Populist pressure in the government and state media are making a difference, official figures indicate. In Beijing alone, more than 99 percent of wages-in-arrears on record from last year had been reimbursed.
Try telling that to Yang and his friends.
"Lies," he said. "There is no law to protect us."
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth