China’s Growing Pains Turn Mean
For decades, China has hinged growth to a willingness to produce at all costs, forcing its vast workforce to pay the price. At IT firm Foxconn, which produces popular Apple products, suicides havemarred day-to-day life. Elsewhere,strikes and worker protests are growing. Beijing has responded with wage hikes and a demand that companies pay greater attention to worker rights. But these measures fail to take into account a harsher reality, namely that China must overhaul its development model if it wants to continue rapid growth.
- Wednesday, 26 June 2013