National Public
Radio ran an interesting story this week on how the global economic slowdown is affecting China.
In the words of NPR reporter Louisa Lim:The export sector - which has driven 30 years of double-digit growth rates - is struggling badly.Lim focuses her report on Dongguan, a manufacturing hub in Guangdong Province between Guangzhou and Hong Kong. According to one factory manager there quoted by Lim:There's almost no profit. Raw materials have gone up, the cost of labor has...
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