Tag: financial planning

China’s Migrant Workers are Coping

Migrant Workers Suddenly Idle in China, Time, Feb 01, 2009

Migrant Workers Suddenly Idle in China, Time, Feb 01, 2009

From my web site on Dontai.com I collect news articles published daily around the world from private and corporate bloggers and news agencies that write about China. China Beat put up an article by Robert O’Brien, a graduate of George Washington University and a current Fulbright Scholar in China. His summary: China’s migrant workers are coping. They have savings and land to live off, they won’t revolt and cause a fuss.

There is merit to his claims. With China’s high savings rates and a couple of decades of economic advancement, most families should have much stashed away for the inevitable rainy day.