Dongguan Past Its Prime

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Jia Lynn Yang, China’s Manufacturing Sector Must Reinvent Itself If It’s to Survive. Washington Post, Nov 23, 2012.
http://www.washingtonpost.com/bu ... ca97c314_story.html

Quote:

"But these days, it’s Dongguan that’s losing jobs and eyeing the United States with some envy. 'I’m leaving,' said Frank Lin, a Taiwanese businessman who is shutting down his factory in Dongguan. 'There’s no future for this place.'

"China’s manufacturing sector is running into problems these days: squeezed from one end by places with even lower labor costs, such as Laos and Vietnam, and yet struggling to move to higher ground making more advanced products

"During the first three quarters of this year, Dongguan's [economic output] grew 3.5 percent * * * much lower than the average rate of 7.9 percent in the rest of Guangdong province.

"China has relied on two pillars of economic growth for the past several years: exports and construction. But [no more]

"'It's worse than 2009'

Note: Houjie  (东莞) 厚街