search query: @author Roberts, D. / total: 17
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| Author: | Barnathan, J. Roberts, D. |
| Title: | A hard "soft landing" |
| Journal: | Business Week
1996 : OCT 21, VOL. 3482:812, p. 22-23 |
| Index terms: | FINANCE CHINA BANKS |
| Language: | eng |
| Abstract: | The pain in China's rust belt is acute. In Harbin, a northeastern city of 5.5 million with a heavy concentration of state-owned companies, a tearful factory manager says money is so tight that all he can offer his workers as holiday gifts are $12 "dumpling loans" - money for pork wontons that has to be repaid. Many employees of cash-strapped state enterprises in Harbin now work part-time. Others stay home and get only a fraction of their wages. Official figures put the national jobless rate at about 3%. |
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