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by gumby
3457 days ago
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> In China, the competition for companies is ... often focused on manufacturing partners, rather than multinationals themselves. This article doesn't include the word "unemployment" which is the reason for this focus. Though the official unemployment rate is 4%, the real rate is believed to be at least 12, not counting the non-existent migrants who aren't legally permitted to travel due to the hokou system. (I am always astonished when I hear that China is supposedly "beating" the US: by what possible metric could this be true?) |
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