Jinglemail for Chinese factories

Factories are closing in China at an alarming rate. Owners are disappearing, leaving workers owed months of back pay. By the end of the year, over 100,000 factories will have closed.

The Chinese bubble has popped. The possibility of major social unrest is obvious.

(“Jinglemail” is the term coined for US homeowners who abandon their house and mail the keys to the bank.)

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