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The closed factory belong to Transit, one of several factories in Zhang Mutou in South China that went bankrupt in the current credit crisis. Transit produced handbags for western countries. Hundreds of factories in South China are closing due to increased labor and material costs and the current credit crissis is exasperating. The problem leaving ghost towns behind. .24 Oct 2008
The closed factory belong to Transit, one of several factories in Zhang Mutou in South China that went bankrupt in the current credit crisis. Transit produced handbags for western countries. Hundreds of factories in South China are closing due to increased labor and material costs and the current credit crissis is exasperating. The problem leaving ghost towns behind. .24 Oct 2008
Filename: SINOPIX.factory.worker093.JPG
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