China in Crisis: Reason to Panic?
Wildcat #83, March 2009
“Will the current crisis and subsequent social turnover lead to the formation of a global working class that can finish off the capitalist mode of production world-wide? For any answer to that question class struggles in China play an important role. China is still the biggest country in the world, with 1.3 billion people, and by now the third biggest economy. Through the opening and industrialization of the 1980s and 90s China became the »assembly line of the world«, is part of global chains of production and circulation, and acts as a »global player« in investment and credit. The immense process of industrialization has pulled millions of migrant workers from the countryside into the cities and special economic zones where they work in factories, on construction sites, as domestic helpers etc. The current global crisis is overturning the social relations in China again.”