China has a labor shortage? Gives away free housing & meals?

[WhiskeyGirl]

Wow.

"China Report: Labor Scramble" - http://www3.nhk.or.jp/nhkworld/english/movie/feature201103092002.html

Securing enough workers is a headache...

Labor shortages, wage increases...

[WhiskeyGirl]

"There is a real danger of wage price inflation because prices have gone up and particularly real estate prices have gone up," Soros said. "So, the Chinese government I think made a mistake not allowing its currency to appreciate, which would have controlled the price inflation."

Instead, authorities now face 20% to 30% in wage increases, which seems to be falling out of their control, Soros said. Moreover, Soros sees a shadow banking system that is "growing out of control" in China.

read more here - http://www.automatedtrader.net/real-time-dow-jones/55992/ecb-interest-rate-hiked-at-039inappropriate039-time-_-soros

wow...