[Wayne Maybury]

Ron

The Chinese economy has been red hot for years based on exports to North America. With the recession here, demand for many Chinese products has dropped or totally dried up. I recently saw a program showing how the owners of many Chinese businesses are converting evrything possible into cash, not paying anyone unless they absolutely have to, then pulling a midnight move. They basically leave their indebted business behind, employees high and dry, and their suppliers holding worthless receivables. The report said that as many as 100,000 manufacturing plants in China would close this year.

Wayne