When I first read though the NYT article I couldn't stop laughing.  I had this whole schaudenfraude thing going on  thinking about the response of these corporations.  

I do think that this will have a tremedous impact in the long term though.  If China implements these laws, and the significantly raise the standard of living of Chinese workers and divert economic growth from export dependence to a home market, maybe the Chinese still believe in Marx after all.  5 stages and such, with capitalism coming before Communism in Marxist theory.

And if China can sustain growth domestically, instead of being dependent on exports, then it is significantly more  important player on the world stage.  Near peer status with the US would be forthcoming in the next decade in that case.  And the rise of new world powers is rarely painless.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg