-13.1 C
Beijing
Saturday, January 24, 2026

US and Europe want Brazil’s minerals to reduce reliance on China

The US and Europe are increasing outreach to Brazil for critical minerals and rare earths, aiming to build alternative supply chains as competition for strategic resources intensifies.

Europe tightens cybersecurity rules with push to phase out risky suppliers

The EU is moving toward mandatory rules to phase out “high-risk” tech suppliers from critical infrastructure, aiming to strengthen cybersecurity and reduce strategic dependence across member states.

Foreign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China dropped 9.5% in 2025 to 747.7 billion yuan, official data shows, despite higher inflows from Switzerland, the UAE and the UK.

Chinese Hotpot Restaurant Shares Festival Profits with Employees

LifestyleChinese Hotpot Restaurant Shares Festival Profits with Employees

A hotpot restaurant in Suining, Sichuan province, gained widespread praise after distributing 532,000 yuan (US$74,000) in profits among its employees during the Chinese Spring Festival. The restaurant, Qilichuan Hotpot, made headlines on January 31 when its owner, Huang Houming, emphasized that this practice was a long-standing tradition rather than a publicity stunt.

The restaurant chain operates eight branches, generating more than one million yuan (US$140,000) in revenue over the three-day holiday period. Out of its 200 employees, around 140 who worked during the festival qualified for the cash bonus. Huang explained that the profit-sharing amount was determined after deducting ingredient and labor costs, but rent and utilities were excluded from the calculation.

Profits were distributed based on each branch’s earnings, with the highest-earning manager receiving 17,900 yuan (US$2,500). Some managers received 7,000 yuan, while entry-level employees received between 600 and 700 yuan (US$80 to US$100). Huang, who once worked as a waiter at a hotpot restaurant, understands the challenges faced by his staff and aims to help them achieve financial security.

His vision extends beyond profit-sharing. He plans to expand his business and hire more employees under the principle of shared success. The restaurant also offers a unique “filial piety allowance” to support employees’ parents. This benefit, separate from legally required insurance and pensions, requires employees to transfer the funds to their parents each month, with proof of the transaction submitted to the company.

The initiative has earned widespread admiration online. Many praised Huang’s leadership, calling him a “conscientious boss” who values his employees’ hard work. One commenter noted that his generosity was far better than empty promises made by some business owners. Others expressed their best wishes for his continued success.

Huang remains committed to fostering a workplace where employees not only earn a living but also share in the company’s growth. His approach to profit-sharing and employee welfare reflects a business model that prioritizes both financial and personal well-being, setting an example for others in the industry.

READ MORE:

Check out our other content

Check out other tags:

Most Popular Articles