From Engineering News
''The import of cheap goods from China was one of the largest external
factors inhibiting the exploitation of the manufacturing sector in South
Africa, said Manufacturing Circle chairperson Stewart Jennings on Wednesday.
Speaking at the launch of the Manufacturing Circle’s position document
ahead of the African National Congress’s (ANC’s) Mangaung conference in
December, he criticised the Free Market Foundation statement last month
claiming that cheap imports were not hurting the manufacturing industry,
saying that local jobs were being lost and exported to China, in
particular.
The manufacturing sector had lost in excess of 300 000 jobs between the first quarter of 2008 and the first quarter of 2012.
He also noted the closure of about 440 000 small businesses, of which
some were a direct result of Chinese imports, in addition to a depressed
sector.''
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