Business Insider -
4 May 2016 05:10
The State Council’s latest plan to rescue the economies of the northeast by 2020 might not be enough to overcome the magnitude of the challenges facing the rust-belt provinces, analysts say. The government tried but failed to rejuvenate the region in 2003 after it was hit by massive protests by workers at state-owned factories when the authorities introduced plans to shut down unprofitable firms. Now, the region has again become a major source of concern over fears of social instability as the...
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