More labor unrest in China:
It started as a pay dispute at a southern Chinese toy factory. But it quickly turned into a riot as laid-off workers tapped into a network of friends and unemployed laborers who flipped over a police car, stormed into the plant and smashed office computers.
The latest violent protest to rock China’s export machine was still simmering Wednesday at the massive plant, which makes Nerf toys for the U.S. company Hasbro Inc. The volatility underscored the urgency of China’s efforts to keep stoking an economy weakened by the global financial crisis.
To protect jobs and social stability, the central government recently signed off on a multibillion-dollar stimulus plan. Officials have also been urging factories to avoid large layoffs and to try retraining employees to keep them off the streets.
Look for more of this kind of thing in the coming months. If you see too much of it, stop looking for deals on toys or consumer electronics or Home Depot power tools or much of anything else stamped “Made in China.”