Guaranteed Life Contract, After Five Years?

Hi Everyone,

A co-worker of mine said that, after five year contract, a lifetime contract must be given.

Do we have any data on this matter of Chinese labor law? It sounds like a good deal.

 Is that information applicable to ALL employees, regardless of Nationality? 
Or is it only for the Chinese people? 

Your co-worker might be both correct as well as in error, depending on the reliability of his/her information, and the employees to whom it applies.
You might want to consult your local Labour office.

I have the feeling that's just a form of open ended contract that automatically renews unless one side or the other decides to cancel.

Before signing a lifetime contract, make sure that it specifies minimum compensation improvements each year.  I don't think too many people want the exact same salary in 2034 that they were getting in 2024.

I second AMonk's recommendation consult the Labor Bureau if you want to know more.  ABSOLUTELY consult a lawyer familiar with labor law before signing any sort of "lifetime" contract.