Posted on 08/28/2015 11:36:02 AM PDT by Lorianne
Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future.
On Thursday she will board a bus with her two young children and abandon her adopted home.
“There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family.
“My husband will stick around a bit longer to see if there is any more work to be found. I’m taking the kids.”
“The long-term prediction for China’s economy still remains rosy and Beijing has the will and means to avert a financial crisis,” Xinhua, the official news agency, claimed in an editorial. Meanwhile, Li told the state TV channel CCTV that “the overall stability of the Chinese economy has not changed”.
The evidence in places such as Nanqijia – a hardscrabble migrant community of recyclers about 45 minutes’ drive from Tiananmen Square – points in the opposite direction.
“It’s the worst we’ve seen it. It’s even worse than 2008,” said Liu Weiqin, who like most of the village’s residents hails from Xinyang in south-eastern Henan province, one of China’s most deprived corners.
(Excerpt) Read more at theguardian.com ...
Could China return to Maoism, and with it another Cultural Revolution?
Imagine the devastation to world economies if China decided to pull the plug.
Perhaps that was the plan all along.
They need a war to move on, don’t they?
Now how can they have such hardship? Communism is supposed to solve all of society’s problems. The state will wither away and all that. What happened the Chairman Mao’s workers paradise????
Pei Ping.
I don’t believe any of the propaganda coming out of china.
When our trade deficit turns around and becomes a surplus, I’ll believe that China is in trouble. Until then, it’s all propaganda designed to keep us from stopping china from taking our jobs and industries.
"Kids?" Plural?
Sounds like its time for another “five year plan”
“kids? Plural?”
I wondered about that.
Did China ever officially do away with the one child law?
Or did they just stop enforcing it.
It used to be a big deal in China.
I read, several years ago, that female babies were being killed or aborted (same thing really) because the Chinese culture rates male children so highly.
If parents have more they get no help from the government.
Problem is "Mr Chang" no longer wants to slave away in a factory. He wants a house in the suburbs; two cars in the garage and more leisure time.
Especially so now given the fact that dickless is still in office for another 17 months.
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