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Global Recession: China’s manufacturing base is in crisis

Posted April 21, 2008

link to china crisis video

Baltimore — (TFN): As the U.S. economy is slowing down, China’s manufacturing base is beginning to crumble. Rising cost, increasing exchange rates and sagging demand are forcing companies to close shop — or to outsource capacities to cheaper regions in Southeast Asia. This is the beginning of an epic collapse of the Chinese economy… after this summer’s Olympic Games.

View the video here…
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