This all comes with the caveat of it being a translation but I really don’t think it says what you think it does.
Section I just say the employees are informed of and get a performative say in what the company was already planning on doing, not that they get an actual say in that plan. Section II is only about working conditions and not about the nature of the work itself, if it should be done, how best to do it, etc. Section III also is only about contract points which deal with remuneration and not with the actual business of the company. This part of Section IV;
Electing or dismissing employee directors and employee supervisors
Is suspiciously worded and makes me think that it really only means their direct managers and department heads, which of course is an improvement but they aren’t voting on whether major shareholders get a seat on the board of directors or not. Even if it did include the regular C suite, it absolutely does not include members of the company appointed by the party/state.
Some of the better seeming parts have no teeth.
electing employee representatives to meetings of creditors and creditors’ committees of the enterprise subject to bankruptcy proceedings in accordance with the law
Just says they get to show up to the meeting, not that they actually have any say in that meeting. Especially the last part of section IV.
and recommending or electing management personnel of the enterprise as authorized
Is super weasel wordy. This could be satisfied just by acknowledging the recommendation of the assembly, it doesn’t actually require the company to follow that recommendation.
Section V also has no teeth. There is no mention whatsoever of the makeup of the board of directors or what say shareholders have. Which leads me to believe that this is whole thing is just designed to appease workers and not actually provide workplace democracy. To be clear, it is a potentially a step in the right direction if it is given teeth but as it stands it is absolutely just as ‘class collaborationist’ as Germany’s.
Of course all of this ignores the corrupting and profit maximizing nature of modern corporations which is not changed one iota just by changing who can vote for who is in charge (as evidenced by large co-ops like Mondragon) especially since they still have to compete against corporations who absolutely will cut every corner and cheat to get ahead.
Edit: I forgot how to format
The bigger problem is what it doesn’t say, like about anything about the board of directors or shareholders. I don’t think it would help much unless they’re also familiar with Chinese labor law.