China Ventures Southward – Peter S. Goodman

From the Washington Post:

Ph2005120701421Much as manufacturers in the United States have transferred jobs to Latin America and just as Western European factories now look to Poland and Hungary, China’s modern-day capitalists are increasingly focused on wringing profit from . They are tapping new markets for sales and farming out work to people willing to labor for less than at home and in even tougher conditions. In a global economy driven by the pursuit of lower costs and fatter profit — a drive that has led so many multinationals to low-wage China — is emerging as China’s own version of China.

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