Financial Times FT.com

Domestic impact: Unemployment poses a new challenge to the Party

By Geoff Dyer

Published: April 1 2009 17:00 | Last updated: April 1 2009 17:00

Could a financial crisis that had its origin in dubious mortgages in California end up challenging the power of the Chinese Communist party?

China’s growth rate this year is likely to be much higher than anywhere else in the world, but the global financial crisis has still been cutting a swathe through the country’s manufacturing base.

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