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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: John Hunt who wrote (28886)	2/23/1999 10:00:00 PM
From: lorne	of 116842

Hello John. Is China following in the footsteps of Russia. I wonder what kind of problems will be caused for the rest of the world if unrest in China gets out of hand ?? Labour - China is facing the worst labour crisis in 50 years of Communist rule. State-owned companies are laying off millions of workers but still can't meet their payrolls. Each new day brings another demonstration by frustrated workers. So far, the protests have stayed local and the demands have stayed monetary. By dispensing aid to the neediest workers and arresting the most vocal malcontents, the Communist leadership hopes to prevent the labour unrest from turning into a political uprising. In print: We look at how reforms have thrown millions of low-skilled, middle-aged people out of work and how government-funded retraining programmes are not providing the solution. Plus: why Beijing is extending support to the private sector, in hopes it will create jobs and fuel economic growth. feer.com Scroll down to business section.

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