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<a href="http://www.accessmylibrary.com/article-1G1-177559689/goodbye-shanghai-periscope-factory.html" title="Facts and information about Goodbye, Shanghai.(Periscope; Factory Flows)(why )(Brief article)">Goodbye, Shanghai.(Periscope; Factory Flows)(why )(Brief article)</a>
Goodbye, Shanghai.(Periscope; Factory Flows)(why )(Brief article)
Newsweek International
|
April 14, 2008 |
Caryl, Christian |
COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Byline: Christian Caryl with Jonathan Adams, B. J. Lee and Akiko Kashiwagi
Evidence of an investor exodus from China is mounting. Some 200 Taiwanese firms have left the city of Dongguan, says a Taiwan trade group. The Federation of Hong Kong Industries predicts 6,000 to 7,000 of its factories in the Pearl River Delta will shut down this year. The Korea Chamber of Commerce and Industry says 5 percent of Korean firms in China are preparing to leave; an additional 25 percent are considering it. A recent Seoul headline read: FROM CHINA DREAM TO CHINA NIGHTMARE.
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