Guangdong factories may close as exports falter
(China Daily) Updated: 2012-07-17 14:40More than 2,000 Hong Kong-owned factories in the Pearl River Delta may close this year as export orders fall and wages rise, a business association said.
Stanley Lau, deputy chairman of the Federation of Hong Kong Industries, gave the estimate in a phone interview. The organization's members have garment, watch, toy and footwear factories in the export hub of Guangdong.
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