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Banishing the Crisis, 33 minutes, 2009 (Ref: 746) |
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The economic crisis is
taking its toll in China, with factory closures, a
sharp fall in exports, and 20 million unemployed.
Although the trend is worrying in a land that has
become the world's workshop, many see the crisis as
opening up new opportunities. We visit Wenzhou, one
of the country's industrial powerhouses. Many
European-Chinese who originally came from here are
now interested in investing in their native land,
attracted by China's strong economic growth. On the
down side, workers drawn to the cities by factory
jobs are having a lean time. Many of these rural
migrants have been laid off because of the crisis
and some have returned home to China's poorest
provinces and wait for better times. The government
is now pursuing policies to support these areas and
promote economic development, heralding a new stage
in China's great leap forward. |
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| More Stories about World Economic Issues |
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Local Heroes,
Ref: 744 |
Trade Not Aid,
Ref: 743 |
Testing Tourism,
Ref: 742 |
Peru: Property Ladder,
Ref: 741 |
Bolivia: Power to the People,
Ref: 740 |
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North Korea: The Great Dream,
Ref: 702 |
China: A Hard Days Wok,
Ref: 692 |
Ecuador: A Cowboy's Story,
Ref: 685 |
Dubai: Building a Dream,
Ref: 679 |
Africa: Investment Horizons,
Ref: 677 |
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