4.6 • 2.7K Ratings
🗓️ 25 August 2025
⏱️ 2 minutes
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0:00.0 | This is John Batchel. Speaking with colleague Gordon Chang, Guadoghag province, the scene of the |
0:07.6 | Chinese miracle in the 20th century into the 21st, manufacturers of all cheap goods, low-end stuff that |
0:16.3 | flooded the U.S. and was greeted with lots of cash. Great success in the 20th century. |
0:23.9 | In the 21st, it's turned to another story, a story of loss, of despair, of people without |
0:31.7 | opportunities to move, and the factory is closing. Guangdong province, the original miracle, |
0:39.3 | now turned to, if not a nightmare, certainly grief. |
0:46.3 | More of this tonight. |
0:49.8 | You read that correctly, John. |
0:51.8 | Now, Guangdong was the first boom spot in China after Deng Xiaoping took over and started to allow the loosening of rules that the Chinese people demanded. And so Guangdong prospered. It was the engine of Chinese growth. What's happened since then is that Chinese leaders have wanted to diversify |
1:13.1 | manufacturing because they did not want to be dependent on Guangdong. So we've seen high-tech |
1:19.0 | manufacturing prosper elsewhere. Gwondong still has some high-tech manufacturing, but nonetheless, |
1:25.8 | most of it is what you describe, low-end stuff. And so the low-end |
1:31.3 | manufacturers in Guangdong are suffering terribly right now because they're not only dealing |
1:36.8 | with the tariffs, they're dealing with competition from places like Vietnam and Bangladesh and |
1:42.5 | places all over the world where labor is cheaper. |
1:45.8 | And so these low-end manufacturers are having a difficult time of making do, |
1:52.1 | and many of them have gone out of business. |
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