US Economic Shockwaves Slam China With Unemployment
In the below video, originally aired on Current TV, journalists travel to China to document how the US consumer spending slowdown has devastated the Chinese manufacturing sector. Factories there have had to wind down production and lay off millions of workers as Americans buy fewer goods made in China.
The video is well put together and is produced by Vanguard, the same award-winning documentary group that had two journalists, Laura Ling and Euna Lee, detained in North Korea for several months until Bill Clinton personally met with Kim Jong-il and brokered their release.
This segment just came to our attention this weekend and, although it is from 2009, it’s well worth watching in order to understand these particular consequences of globalization that still impact China today. Watch below, or you can view the original post here.