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6 lakh workers leave China's industrial heartland

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<arttitle>6 lakh workers leave China's industrial heartland, this can mean only one thing, people see no more future in their own homeland.


</arttitle><arttitle>6 lakh workers leave China's industrial heartland</arttitle>


BEIJING: About 600,000 migrant workers left south China's industrial heartland last year as the economic crisis caused exports to shrink and forced factories to close, a senior official said on Thursday.

</arttitle><table border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td align="left" valign="top">The number of migrants departing Guangdong province, one of the world's top makers of toys and electronic appliances, accelerated in 2008 as the situation worsened, said provincial deputy governor Huang Longyun.


"This year the situation is more serious than at any other time since the start of the decade, indeed since the Asian financial crisis," he told a briefing in Beijing.


By the middle of last year, when the financial crisis was still in its embryonic stage, only 143,100 had left Guangdong, but the number reached half a million at the end of October and has now hit 600,000.


Guangdong's export sector may have been the single most important factor in China's economic boom, and it has been helped by migrant workers who have gone to the province from China's destitute interior in search of better lives.


Huang did not give an overall figure for the number of migrant workers in the province, but earlier data said they numbered between 25 and 30 million.


Data unveiled at the briefing showed why the migrants were leaving, stating that Guangdong's economy grew by 10.1 percent last year, down from 14.7 percent in 2007.


Exports, the lifeblood of the province, expanded by just 5.6 percent in 2008, down from 22.3 percent the year before, the statistics indicated.


The health of Guangdong is essential for China's overall wellbeing, as the Pearl River Delta, the province's most active economic area, provides much of the nation's growth impetus.


Together with the Yangtze River Delta further north it takes up just 2.6 percent of China's land area, but accounts for one third of its gross domestic product and 40 percent of its fiscal revenues, according to government data.


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As Prabhupada said, "You cannot eat nuts and bolts", or in this case toys and electronic appliances.


The world's economies are primarily based on the mode of passion with ignorance and very little satva.


An economy dominated by the mode of passion will blaze along for awhile but the heightened stimulation cannot be maintained. As it burns out the mode of ignorance increases (recession).


This cycle keeps happening because there is almost no cultivation of satva. The mood of goodness maintains.


The only cure is an agrarian based economy with "simple living and high thinking" by the populace.


I ain't holding my breath in the current situation.


Instead I am :outta:

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