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Monday, June 14, 2010

Newsy: End of Cheap Labor in China?



Analysts say a recent series of strikes in China could indicate a progression toward sweeping labor reform. This comes as a big surprise to many US conservatives who had believed labor unions were outlawed in China.

This could affect Wal Mart which has bought up to 70 per cent of it inventory from China. Some US companies may be forced to relocate.

Sources: Fox News CNN  Fox Business  Global Post  Newsweek CCTV The Washington Post

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