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"Lau said at the current rate, he expects 30 percent of factories in Guangdong to reduce production or close down this year, in the wake of a minimum wage increase last year. Another 18-20 percent pay rise would decimate the industry."
Imports, however, maintained strong growth momentum and increased 28.7 percent to US$140.4 billion -- faster than the pace of 20.9 percent in September."
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http://www.bloomberg.com/news/2011-11-01/china-pmi-drops-for-first-time-in-3-months.html
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