Job seekers wait in the rain outside a recent job fair in Hangzhou, in eastern China.

• Position: NEWS & TRENDS - Brief article

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JOB SEEKERS wait in the rain outside a recent job fair in Hangzhou, in eastern China. Amid a global recession and plummeting demand for goods from importers like the United States, China's boom has gone bust: 70,000 Chinese factories have closed recently--resulting in the loss of 20 million...