The End of China's Miracle?
Times are tough in the United States. It seems that they're even tougher in China.
An official Chinese magazine this week predicted a massive increase in protests because of the global economic downturn. It reported that 10 million people, originally from the countryside, have been fired from their jobs in factories mostly on China's eastern coast. Another 8 million people are officially registered as unemployed. Meantime, a record number of people will enter the workforce this year, including more than 6 million who have graduated from high school or college. 2009, the magazine said, will be the toughest year in China in recent memory.



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