Tuesday, November 25, 2008

China: 60,000 businesses have closed down this year, half of all toy factories

The Communist Party has stayed in power partly because it has made poor people richer. But now the world's financial crisis has arrived.

So, what happens in this country if hundreds of millions of workers no longer feel they can get a better life?
clipped from news.bbc.co.uk
An abandoned furniture factory in Guangdong province, China
Outside the An Jia baby cot factory in Dongguan, a group of factory workers surrounds a single policeman on a motorbike.

Right now, factory workers here are angry. The world's financial crisis has begun to hit them.

Factory director Sergio Sum

This year growth has slowed, and more than 60,000 businesses have closed down. Reports say that more than 50% of toy factories have closed down.

Redundant factory worker in southern China
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