BEIJING — The stream of factory closures in China’s manufacturing sector this year risks turning into a hemorrhage of lost jobs and production as global demand for Chinese-made goods slackens because of the international economic crisis.
Business analysts and factory managers in the industrial centers of China said the outlook is bleak except for the largest and most competitive companies and factories. Rising labor costs and more expensive raw materials have pounded the manufacturing sector, and slumping demand from the U.S. and Europe is likely to worsen the situation dramatically.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)