China Admits Employment in “Grim Situation”

November 21, 2008

I think what was done in the poorly regulated US financial markets with the repackaged mortgage-backed securities should be a treasonable offense.

China Daily news story from November 20, 2008, paints sobering picture of the effects of the now-global economic crisis in the People’s Republic of China.

China admits employment in “grim situation” 

A man waiting for unemployment pay in Beijing, from Duowei News.

A man waiting for unemployment pay in Beijing, from Duowei News.

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