"Chinese companies flocked to the European fire sale, stripping Dortmund of its assets"
The Ruhr Valley city of Dortmund, where ThyssenKrupp once made steel, still suffers from high unemployment because of the loss of jobs to lower-cost countries like China. But Germans can buy Chinese-made iPods, washing machines and cargo ships at prices that, because of lax pollution controls, do not reflect the toll on the environment. And the outsourcing of polluting industries has given them cleaner air and water.
It appeared in The New York Times, it is called "China Grabs West’s Smoke-Spewing Factories" and hands down the best story on what's going on my city and region I read so far.
Entry first published 2009-05-18 01:00, last edited 2009-05-21 00:45
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