Unemployment fears rise in China

November 08, 2008

The global economic slowdown is resulting in many migrant workers losing their jobs in China's emerging market. Troubled financial times are hitting the Chinese economy. The exporting country has seen more than half of toy exporters go out of business. Industrial production reached its lowest levels in six years and real estate development is slowing. As a result business owners are cutting staff and migrant workers in particular are losing their jobs.