This piece of news came as a huge surprise to me.
This morning's 3Q GDP release was pretty bad, but nothing compares to this:
This morning's 3Q GDP release was pretty bad, but nothing compares to this:
Xinhua news agency says nearly 80 percent of toy factories in Guangdong province have closed, along with almost half the shoe factories. According to one state-run newspaper, 37 percent of Dongguan businesses are losing money.
link to full text
link to full text
