China factory closure a sign of deeper pain, changes in economy
Unemployed worker Wang Wenming was angry at his boss for shutting down a massive Chinese factory this week that made toys for Mattel Inc., Hasbro Inc. and other American companies, the associated press reported.
But the assembly line worker was also furious at the United States.
"This financial crisis in America is going to kill us. It's already taking food out of our mouths," the 42-year-old laborer said Friday as he stood outside the shuttered Smart Union Group (Holdings) Ltd. factory in the southern city of Dongguan.
The company, which has struggled as global growth has slowed in recent months, employed 7,000 people in mainland China and Hong Kong. It was not immediately clear how many
have lost their jobs.