Interview: Eliot Lipp talks electro
Weekendist: Cuisine festivals, creativity workshops, charities and more!
Extra! Extra! Police and prostitutes, journalists and propaganda departments, and kids and condoms
Olympic condoms are faster, higher, stronger
Shanghai Tattoo now selling Chinese indie rock CDs
The latest data shows that China's output has fallen to a seven year low. The forecast for China's economic growth has been revised downwards to between 9.5% to 10% this year and 8.8% to 9.3% in 2009 — news that makes you go awwwww shucks we know, but economists are saying the reduction of even 1% in economic growth in China will have a massive impact and we're getting a glimpse of that right now. Even the ayi at our local All Days convenience store has been lamenting over poor sales, believe it or not. All across Guangdong province and elsewhere, factories are shuttering down and people are getting laid off. Jobs are a lot harder to come by and consumer sentiment is down. As usual, it is the people at the lowest rung of society who will be hit hardest, and China's greatest challenge now will be to tackle the growing social divide.
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oh well, I guess all those people who have been critizing all the factories for having too low standards for their workers, are feeling great. Now when the factories are closing down, those workers have nowhere to go, instead they might become prostitutes or something else...GREAT isn't it!? that's what you wanted right?
I wanted a non sequitur
There is a big difference between "China's output has fallen to a seven year low" and China's output growth has fallen to a seven year low. You meant the latter.
"... and China's greatest challenge now will be to tackle the growing social divide." Greatest is a strong word. Sure you want to go that far?
And when did your local All Days become a trusted economic indicator?
We in the US certainly went through this before. Hopefully, you lose your worst, oldest and most inefficient factories and when things pick back up, you replace them with the state of the art.
And LOL at All Days.