We need the whole truth about closures

It appears to have come faster than people had thought. When economists are still undecided in measuring the impact of the financial crisis on the real economy, there have been collapses of some major manufacturers in China due allegedly to the declining demand.

Last week's closure of a large toy factory in Dongguan, a city known as one of China's manufacturing outsourcing centers, was not the only case, as it turned out.

The scene of angry young men and women, of the 7,000 workers laid off from the Hong Kong-listed Smart Union, was seen on TV worldwide.