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Shenzhen: No Manufacturing Jobs, No Cry.

By Dan Harris and Steve Dickinson

Very interesting post on Shenzhen Undercover, entitled, "Shenzhen's Greater Plan: No Manufacturing, No Problem." Grossly summarized, put into my own words, and infused a bit with what I think is happening, the post essentially says that the reports of the death of China's economy, as evidenced by the closure of thousands of toy factories in and around Shenzhen, is greatly exaggerated. This is merely part of Shenzhen's (and China's) long term plan to move up from low end manufacturing. On the other hand, my friend David Dayton, over at Silk Road International, in his post, entitled, "So, How Does the Carnage Look from Ground Level?" says things are much worse than the media is letting on. David does an excellent job laying out the ground level things he is seeing that tell him things are bad and getting worse. Oh, and where is the ground level from which David is writing? Why, Shenzhen of course. What do you think?

Full post as published by China Law Blog on October 28, 2008 (boomark / email).