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The 'workhouse of the world' no longer

By: Hervé CARRIOU | Baptiste FALLEVOZ | Bill Marcus
1 min

While the rest of the world was in recession, China's economy was booming. But business isn't doing so well now, at least for small firms. Rising labour costs and raw material prices mean many are struggling to stay afloat financially. Banks are refusing to lend, forcing business owners into the arms of loan sharks and a downward spiral of debt.

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