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Economy warning from China leader
"External demand has obviously weakened and China's traditional competitive advantage is being gradually weakened," Mr Hu said, according to the official People's Daily newspaper.
Factory closures, layoffs stir unrest in China BEIJING — A wave of often violent protests poses a challenge to China's ruling Communist Party, as people take to the streets on issues ranging from factory closures to government land grabs. Thousands of taxi drivers in the southern Chinese city of Guangzhou went on strike Monday during rush hour. It was the ninth city hit by a cab strike over the past month. Zhang Ping, China's top economic planner, said last week that "excessive bankruptcies and production c