torsdag 17. desember 2015

Mass Layoffs in China’s Coal Country Threaten Unrest

The signs of severe economic trouble are evident. For-sale signs hang on the facades of restaurants that draw few customers. Robberies are on the rise; manhole covers and cellphones are popular targets. Women say they have stopped wearing jewelry for fear of being assaulted. Heilongjiang has been one of the most depressed provinces in China for years. Its economic output fell 2.2 percent in the first three quarters of this year compared with the same period last year, without adjusting for inflation, according to the National Bureau of Statistics. Read more