Violent unrest rocks China as crisis hits
The collapse of the export trade has left millions without work and set off a wave of social instability. The instability may peak when millions of migrant workers flood back from celebrating the Chinese new year to find they no longer have jobs. That spells political trouble and there are already signs that the government’s $585 billion stimulus package will not be enough to achieve its goal of 8% growth this year.
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Sunday, February 1, 2009
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