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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: Crimson Ghost who wrote (64694)4/30/2011 3:02:37 AM
From: elmatador   of 219789
 
Last year, auto workers in southern Guangdong province warned the world not to take cheap Chinese labour for granted when they successfully agitated for higher wages in a series of industrial actions.

Last week, Shanghai truckers reinforced that message with a strike of their own.

The Chinese government is wary of workers who possess the wherewithal to organise industrial action outside the auspices of the only sanctioned union, the All China Federation

...

As for the truckers’ concern about the rising price of diesel, increasing China’s already generous fuel subsidy would be too costly and humiliating a concession for such a localised disturbance.

blogs.ft.com
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