Worker Unrest in China Sends Tremors Through World Capitalism
Submitted on June 26, 2011
By John Chan - WSWS
Broader industrial unrest in China would have far-reaching ramifications for international corporations, ranging from German machine exporters to the mining giants in Australia and Brazil. General Motors now produces more cars and trucks in China than in the US and Walmart is dependent on China for most of its cheap consumer goods. Apple’s iPhones and iPads are made by huge sweatshops run by Foxconn. Foreign-owned subsidiaries directly employ 16 million Chinese workers, with many millions more involved in complex supply chains for transnational corporations.
