Tuesday, December 30, 2008

How the global economic crisis effecting China

The factory jobs that were supposed to be the paths out of poverty for many Chinese are being cut by the global economic crisis. CNN Money paints a portrait of the workers fleeing the cities.

China's ocean of blue-collar workers is streaming back to the country's farming hinterland, bringing thwarted aspirations and rising discontent in tow as their city jobs, their paths out of poverty, fall victim to the global economic crisis.

Train K192 is a daily conduit of the reversing flow.

Every afternoon it pulls into Chengdu, capital of populous Sichuan province, after a 31-hour trip from Guangzhou, center of China's once-thriving export heartland.

Hundreds of weary passengers, some of whom stand through the entire journey because seats are sold out, straggle into the gray light of the Chengdu winter and an uncertain future.

"Lots of factories have closed. Mine shut about three months ago. There was nothing to do, so I came home," said Wu Hao, 21, sporting a stylish striped sweater and a sleek metal suitcase.

After a year spent making circuit boards in Guangzhou, he was heading back to his family's patch of farmland, a full month before the Chinese new year when he would usually visit home.

Officials estimate that more than 10 million migrant laborers have already returned to the countryside as thousands of companies have been dragged under by weak global demand for everything from clothes to cars.

The government, always concerned about social instability, is now on high alert, fearful of the consequences of a huge mass of jobless, disappointed, rootless young men.

Beijing has urged firms to avoid cutting jobs despite falling profits, and many bosses have obliged by retaining workers but giving them unpaid leave.

"Sales were really bad and the boss just kept giving us holidays. We had 15 days off last month," said Tan Jun, who also clambered off train K192 in Chengdu. "Next year I won't go back."

1 comment:

Global Patriot said...

While it's sad that so many dreams were dashed, the slowing of China's economy is an ecological blessing. Hopefully this will slow the building of coal-fired plants that are contributing to climate change, and it may also serve to revive some of the agricultural community in the countryside.