ANBOUND:"Kunshan Incident"and Economic Transformation
ANBOUND
The blast happened at the Zhongrong Metalware Co. Ltd. in Kunshan of Jiangsu Province on August 2nd has killed 75 and injured 185. ANBOUND research team states that the significance of this issue can far outweigh a simple work safety accident. It's likely to become the turning point in China’s policy towards safety in production. China will adopt a tougher attitude in dealing with similar incidents. Moreover, in the long run, the action will inevitably lead to the dramatic changes in modes of production and operation. What Chinese enterprises will face is the more stringent safety production management and regulation, which can be regarded as a crucial part for China’s economic transformation.