China Faces Upgrade-or-Die Deadline as Labor Supply Dwindles

(Updates with yuan near 17-year high, in 12th paragraph.) Aug. 30 (Bloomberg) -- Lin Chang Jie is battling to save a family business making towels, cushions and robes in the eastern Chinese city of Ningbo as a dwindling supply of workers forces him to pay higher wages. “I have to find a new way ...

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