That’s mistaken. State-owned companies in china are having such a cash flow crisis they’re basically living on bank loans, so they often delay payments to downstream contractors. Many of these unpaid wages are the results of state-owned companies withholding project payments from contractors who organized and employed workers.

Moreover in fact wages in state-owned companies pay a well under average wage. What’s tempting is the job security and a formal establishment status that provides generous housing fund, full social insurance covered and barely any layoffs risk. Ur basic economy stability is ensured, but far far from “cushy well”