Ｎｅｗ Ｌａｂｏｒ Ｃｏｎｔｒａｃｔ Ｌａｗ：Ｎｏｔ Ａ Ｎｉｇｈｔｍａｒｅ ｔｏ Ｆｏｒｅｉｇｎ Ｃｏｍｐａｎｉｅｓ ｉｎ Ｃｈｉｎａ

On January I， 2008， the new Labor Contract Law (LCL) went into effect in China. The New York Times predicted that it was \"ushering in sweeping changes to Chinese labor policy\" at that time. However， over 1 year after the new LCL introduction， \"sweeping\" has been a forgettable word and the LCL has disappeared from the media coverage. To foreign companies in China， the financial crisis is not their only concern today， but there is still something about la-bor costs， which in a long run is a key issue worth their attention. Therefore， it is the right time to review the new LCL and find out what's the impact on the foreign investment in China.