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...reform aimed at returning South Korea to rapid growth. Not only did the economic crisis make his campaign promises sound hollow, the President and his policy team came under heavy criticism for reacting too slowly to stem the turmoil. "The problem has become deeper than necessary," says Charles Chang, managing partner of Seoul-based boutique investment-banking firm Accolade. "It is the failure of the government." Chang believes policymakers did a poor job of building confidence among foreign investors to calm markets...
...Jiangsu told TIME, is haphazard at best. And if the slaughterhouses are haphazardly regulated, the small heparin-processing businesses--hundreds of them across the country--are virtually unregulated. "We haven't ever had the government come and inspect our operation," said a processor in Jiangsu whose given name is Chang and who didn't offer his family name...
...Highlight Reel1. On Dongguan, the fast-changing boomtown where Chang does the majority of her reporting: "No one is sure how many people live here. According to the city government, Dongguan has 1.7 million local residents and almost seven million migrants, but few people believe these official figures...Dongguan is invisible to the outside world. Most of my friends in Beijing had passed through the city but all they remembered - with a shudder - were the endless factories and the prostitutes. I had stumbled on this secret world, one that I shared with six million, or eight million, or maybe...
...Lowdown:As Chang notes, Dongguan is where the First Opium War sent China's Qing Empire on its headlong course towards eventual collapse - and is also where China's first foreign-owned factory opened in 1978. Factory Girls is one of the few books on modern China that deals more with the ramifications of the second milestone than the first, to Chang's great credit. For Dongguan's factory girls, the Cultural Revolution, The Great Leap Forward and the other injustices of the Mao era are stories from aged relatives and history books (As one girl asks another during...
...while the morbid pull of China's brutal twentieth century history is ever present, it's the portraits of the migrant workers and their lives - at once exciting and mind-numbingly boring, crowded and starkly isolated - that are at the book's heart. The painstaking work Chang put into befriending these girls and drawing out their stories is evident, as is the genuine affection she has for them and their spirit...