Chinese Company Distributes $26 Million in Cash Bonuses to Employees at Year-End

Henan Kuangshan Crane Co., Ltd., a Chinese manufacturing firm, distributed approximately 180 million yuan (US$26 million) in year-end bonuses to its 7,000 employees. Chairman Cui Peijun, who owns nearly 99% of the company, allocated about 70% of the annual profits to cash bonuses, citing financial burdens on young workers such as mortgages and car loans. Videos of employees taking stacks of cash at the event went viral, sparking widespread discussion on corporate generosity amid economic pressures.