Labour unrest alarms China

[Vegas]

http://timesofindia.indiatimes.com/World/Labour_unrest_alarms_China/articleshow/3748993.cms

Chinese leaders have finally admitted that the country is facing a “grim” situation on the employment front owing to the global economic
crisis. An official survey has shown that demand for labour has fallen 5.5% in the third quarter of this year across 84 different cities.

Yin Weimin, head of the ministry of human resources said that labour discontent was a “top concern” of the government as the employment situation has turned “grim”.

The government is clearly worried that unrest among jobless workers would result in protest demonstrations and unruly scenes. The past weeks have seen strikes by taxi drivers in four cities and a workers’ riot at the party headquarters in Gansu province.

China has nearly 150 million migrant workers, who have left their rural homes in central and west China to work in the factories of South China. The extent of unemployment caused in factories cutting back production following loss of export orders is still not known. But the number might prove to be big enough to cause social tension, sources said.

[KinjaKahn]

http://timesofindia.indiatimes.com/World/Labour_unrest_alarms_China/articleshow/3748993.cms

Chinese leaders have finally admitted that the country is facing a “grim” situation on the employment front owing to the global economic
crisis. An official survey has shown that demand for labour has fallen 5.5% in the third quarter of this year across 84 different cities.

Yin Weimin, head of the ministry of human resources said that labour discontent was a “top concern” of the government as the employment situation has turned “grim”.

The government is clearly worried that unrest among jobless workers would result in protest demonstrations and unruly scenes. The past weeks have seen strikes by taxi drivers in four cities and a workers’ riot at the party headquarters in Gansu province.

China has nearly 150 million migrant workers, who have left their rural homes in central and west China to work in the factories of South China. The extent of unemployment caused in factories cutting back production following loss of export orders is still not known. But the number might prove to be big enough to cause social tension, sources said.
A brilliant coup, if this market fiasco were planned and it causes China to have a revolution and topple the Communist rule.

[Jesse Helms' Ghost]

http://timesofindia.indiatimes.com/World/Labour_unrest_alarms_China/articleshow/3748993.cms

Chinese leaders have finally admitted that the country is facing a “grim” situation on the employment front owing to the global economic
crisis. An official survey has shown that demand for labour has fallen 5.5% in the third quarter of this year across 84 different cities.

Yin Weimin, head of the ministry of human resources said that labour discontent was a “top concern” of the government as the employment situation has turned “grim”.

The government is clearly worried that unrest among jobless workers would result in protest demonstrations and unruly scenes. The past weeks have seen strikes by taxi drivers in four cities and a workers’ riot at the party headquarters in Gansu province.

China has nearly 150 million migrant workers, who have left their rural homes in central and west China to work in the factories of South China. The extent of unemployment caused in factories cutting back production following loss of export orders is still not known. But the number might prove to be big enough to cause social tension, sources said. I always thought it was interesting that when the economy started its downturn Chinese businessmen stopped trying to take over America.

Back when Bush took office we had a bunch of Chinese 'fronts'- businesses that were backed by their gov't- attempting to buy into industries where they could export manufacturing to China but keep things quiet here for cellphone manufacturers, printer manufacturers, etc.

It was really interesting to watch Chinese businesses buy up land in business districts only to see them have to quit their leases when the economy here grew dark.

Funny thing was to have several former-client companies ask me to advertise to American interests for them only to have those same companies ask me to stop when the economy took a dive and they were attempting to get out from under their long leases.
(Seems they vacated their buildings and went back to their home).