Wednesday, November 26, 2008

China's Ecomony Slowing?

In comparison with what has happened across Europe and the United States, China's economy is doing well but there are signs of a slowdown. Lay offs in the blue collar sector (factories mainly) are happening in many areas of China, including Shanghai. There are even rumors flying all over the expat community of expats being sent back home, or laid off because the costs are too high to keep them here. It's becoming easier to find a local person to fill the shoes of the expats.

Here's another example I ran across in the New York Times this morning.

"China's Great Engine Slows"

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