The Voice of America:
“So starting in February the economy has been on a major downward trend, much more so than many economists realize," said Shaun Rein, head of China Market Research. "And the decline is really focused on unemployment, not so much GDP growth, which I think is really an ok number. But what you’re seeing in the factory area is some of the smaller and weaker factories having to squeeze margins."
Rein added China’s labor markets are weakening in both urban and rural areas among blue and white collar workers, which could threaten social stability. Although many of those participating in the labor protests have been detained, few have been criminally prosecuted.More in the Voice of America.
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