Caught On Tape: “Enormous Crowds” Of Unemployed Chinese Miners Take To The Streets, Clash With Riot Police
by Tyler Durden
ZeroHedge.com
03/14/2016
In early November, we said that far from the traditional risk factors affecting China’s economy, including the slowing economy, the stock market (and now housing 2.0) bubble, the soaring NPLs, and record debt, the most under-reported risk facing China is the “breakdown in recent “agreeable” labor conditions, wage cuts and rising unemployment, leading to labor strikes and in some cases, violence.”
Some recent articles probing the severity of China’s collapsing labor market were the following:
The “Hard-Landing” Has Arrived: Chinese Coal Company Fires 100,000
Thousands Of Angry Unpaid Chinese Workers Protest Shocking Bankruptcy Of Major Telecom Supplier.
600 Hungry, Angry Chinese Workers “Sleep On The Street” After CEO Disappears With Their Wages
The Rest…HERE