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China crashes Cafta's party with 800 million farmers

Martes 08 junio, 2010

Central American nations have long been trying to hook their economies to the US market, but they can't compete with China plans to move 800 million farmers to existing and newly created cities. If they mechanise the countryside and achieve similar productivity levels to the US, they say, China will only need 100 million people in the rural sector.

When the nations of Central America hear about this they will be shaking in their (Chinese) boots. For years these countries have been working with a particular emphasis on clothing and apparel exports to the US.

Original source: The Guardian