China’s $585 Billion Renovation
November 13, 2008 at 10:40 AM EST
The global recession has hit China in a big way. Over 67,000 factories have closed in the last three months. An estimated 50 million Chinese workers are now unemployed, according to the usually overly positive government estimates. Protests or “mass incidents” are springing up all over the country. The official Chinese GDP growth rate plummeted 30% [...]
