China set to become world’s sweatshop, report warns – Andrew Taylor

From the Financial Times:

The eradication of poverty in China has stalled since the country joined the World Trade Organisation four years ago, with more than three-quarters of rural households expected to suffer a cut in real incomes between 2001-07, a report warns today.

The study by the International Confederation of Free Trade Unions (ICFTU), timed to coincide with next week’s WTO ministerial conference in Hong Kong, says that China is becoming the sweat shop of the world as large numbers of agricultural and former state enterprise workers chase work in the cities, depressing wages.

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