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> The effects of the Great Recession of 2008 may be felt in the United States for years, but they barely scratched China. It barely scratched China in metropol
by newhouseb 15y ago
> The effects of the Great Recession of 2008 may be felt in the United States for years, but they barely scratched China.
It barely scratched China in metropolitan areas, maybe, but certainly had a large effect in manufacturing hubs like GuangZhou (see documentaries like "The Last Train Home").
As an aside: my parents recently made this move after seeing their two sons live in Taiwan on Rotary Exchange (mid-50s, caucasian, from a podunk town in upstate New York) and are having the time of their lives, but the wealth disparity in mainland China is certainly stunning if not somewhat depressing.