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Guangdong factories may close as exports falter

2012-07-17 15:21 China Daily     Web Editor: Li Jing comment

More 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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