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August 27, 2008

Red Capitalism: China's Economic Revolution - Oct. 25 at 7 pm

The film showing is FREE and open to the public.

Date: Saturday, October 25
Time: 7 pm
Place: Angell Hall, Auditorium A

(enter via glass doors at fishbowl, off diag)

Canadian Broadcasting Corporation, 1995; 57 minutes (English and Chinese with English subtitles)

An economic revolution is turning China into the world's largest economy. The birthplace of Chinese capitalism is Shenzhen which has exploded from a farming village to an industrial center of 3 million people.

This film shows how Western corporations are moving factories to Shenzhen to profit from cheap labor and join one of the world's largest consumer markets. Currently there are 58,000 joint venture corporation - from Proctor & Gamble to Volkswagen - for an annual economic growth of ten percent.

So desirable is it to work in Shenzhen that the city must be patrolled to keep out the teeming hopefuls. Scientists are working as clerks, and teachers on assembly lines because they earn more doing menial work here.

This Mecca of free enterprise has its seamy side as crime and prostitution abound. Yet, from Avon salesladies to manic millionaires, its inhabitants exhibit boundless enthusiasm for the future.

Posted by moyera at August 27, 2008 04:54 PM