China's economic boom has often been compared to the West's industrialization, only running in fast-foward. IT looks as if the decline of Western industrial regions may be playing out in the China on the same accelerated time frame. BusinessWeek Asia is reporting on "China's Factory Blues" this week on how a perfect storm of recent developments - from the decline in the US housing market to soaring commodity prices and new labor regulations - is shuttering factories in the Peal River Delta at an alarming rate.
China's economic boom has often been compared to the West's industrialization, only running in fast-foward. IT looks as if the decline of Western industrial regions may be playing out in the China on the same accelerated time frame. BusinessWeek Asia is reporting on "China's Factory Blues" this week on how a perfect storm of recent developments - from the decline in the US housing market to soaring commodity prices and new labor regulations - is shuttering factories in the Peal River Delta at an alarming rate.
The forecasts are pretty alarming in a country grown addicted to vigorous growth. "Comprehensive statistics on shutdowns are hard to come by. But the Federation of Hong Kong Industries predicts that 10% of an estimated 60,000 to 70,000 Hong Kong-run factories in the Pearl River Delta will close this year. In the past 12 months, 150 factories making shoes or supplying shoemakers have closed in Dongguan, says the Asia Footwear Assn. More plants will disappear as demand slows: UBS (UBS) analyst Jonathan Anderson expects overall export growth of just 5% or less for China this year."
That would be a problem in any economy. But in a place like southern China, where you are already dealing with a huge population of young, socially isolated migrant workers (with, I suspect a huge male-female imbalance) the situation could become combustible much sooner than anyone suspects. Or, it will just mean a lot of suffering. Either way, it's going to be a new set of challenges for modern China.
Technorati Tags: China, globalization, land use, manufacturing
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Planning for Accessibility: Proximity is More Important than Mobility
Accessibility-based planning minimizes the distance that people must travel to reach desired services and activities. Measured this way, increased density can provide more total benefits than increased speeds.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
Eviction Looms for Low-Income Tenants as Rent Debt Rises
Nonprofit housing operators across the country face almost $10 billion in rent debt.
Brightline West Breaks Ground
The high-speed rail line will link Las Vegas and the Los Angeles area.
Colorado Bans No-Fault Evictions
In most cases, landlords must provide a just cause for evicting tenants.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Write for Planetizen
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.