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.
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Foxconn Increasing its China Staff to 1.3 Million Workers
While the US economy suffers from severe joblessness, one of China’s largest manufacturers, Foxconn Technology Group, is making plans to add about 400,000 new jobs over the next year and build new factories.
True, it’s the same Foxconn that recently experienced a string of 12 worker suicides, but apparently things are looking up!
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