EconoWar Update
High fuel costs are starting to have a significant impact on the Chinese economy, reports the WaPo: FOSHAN, China — Known widely for its porcelain, this grimy city in southern China is the source of much of the world’s tiles and bathroom fixtures. Yet several factories have shut down in recent weeks, and nearly all are running at a reduced clip: Here in Guangdong province, the heart of China’s industrial boom, many manufacturers cannot find enough gasoline and heavy oil...