As the U.S. and other Western economies entered a sharp slowdown last year, experts warned that China, with an economy based on cheap exports, was vulnerable. The export sector has been hit hard, with huge manufacturing layoffs.
Money - NY Daily News, New York Daily News: Business
Mon, 06/29/2009 - 5:44am
As the U.S. and other Western economies entered a sharp slowdown last year, experts warned that China, with an economy based on cheap exports, was vulnerable. The export sector has been hit hard, with huge manufacturing layoffs.