Thursday, July 12, 2012
A worker labors at a a textile factory in Jinjiang city in southeast China's Fujian province on Thursday July 12, 2012. From shopkeepers to shipbuilders, some areas are feeling more pain from China's deepest slowdown since the 2008 global crisis than still-robust headline growth of about 8 percent might suggest. Higher spending by state industry and government-directed investment is pumping up the world's second-largest economy, but that is masking the fact that the private sector is cutting jobs and scrambling to prop up plunging sales.
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