News@ChinabyNumbers

Many factory bosses in southern China’s Pearl River Delta – the nation’s biggest manufacturing base – are complaining about a severe shortage of workers. Their anxiety runs particularly high at this time of year, because migrant workers have just spent a few weeks in their home provinces for the Lunar New Year and may not [...]

Liu Mingkang, chairman of the China Banking Regulatory Commission, stated that it would be “exceptionally arduous” for China to reach its growth target of 8% for 2009. In a separate news conference, People’s Bank of China Governor Zhou Xiaochuan also said there were risks to achieving the target. Premier Wen Jiabao said that the government [...]