China’s Economy Is Back, While U.S. Still Ails

New York Times by Keith Bradsher | Sep. 18, 2009 (News Report)

Just eight months ago, thousands of Chinese workers rioted outside factories closed by the global downturn. Now many of those plants have reopened and are hiring again. Some executives are even struggling to find enough temporary staff to fill Christmas orders. The image of laid-off workers here returning to jobs stands in sharp contrast to the United States, where even as the economy shows signs of improvement, the unemployment rate continues to march ... Full Story »

Posted by Derek Hawkins - via OneRiot, NewsRack (Recession), New York Times (Most Emailed), Tom Friedman

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Subjects: World, Business
Topics: Global Economy, China, Finance, Trade
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# Diggs: 3 (as of 2009-09-18)
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Posted by: Posted by Derek Hawkins - Sep 17, 2009 - 6:30 PM PDT
Reviewed by: Derek Hawkins (review), Dwight Rousu (review), Murat Baisariyev (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Derek Hawkins - Sep 18, 2009 - 12:05 PM PDT
Related Comments: Global Economy (2)

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Dwight Rousu
4.0
 by Dwight Rousu - Sep. 18, 2009

A good readable top level look at the differences between the US economic path and the Chinese economic path. There is no mention of climate change and population growth that may make all these short term changes come crashing down.

U.S. stimulus has mostly gone to rich corporations and banks, who then outsource more jobs to China.

Just eight months ago, thousands of Chinese workers rioted outside factories closed by the global downturn. More »

See Full Review » (16 answers)
Derek Hawkins
3.7
 by Derek Hawkins - Sep. 18, 2009
Derek posted this story.
See Full Review » (10 answers)
Murat Baisariyev
NO RATING
by Murat Baisariyev - Sep. 18, 2009
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