Wednesday, October 24, 2012

China Economy Hit by Fall in Japan Car Sales

GUANGZHOU, China?The worries and challenges of workers in this southern Chinese car-making city illustrate the risks Beijing faces as its dispute with Japan over a group of islands drags on.

The local economy is feeling the effects of a drop in demand for Japanese-brand cars. Work in the factories has slowed and employees are concerned about possible layoffs. Guangzhou is one of the key clusters for China's automotive industry, employing tens of thousands of plant employees.

"Workers don't have overtime so their salary is less and our sales aren't as good as before," said Niu He Guo, 27, a migrant ...

Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7013/~3/5bYZuN5kHW4/SB10001424052970203400604578074283948389390.html

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