With the world demand for Chinese exports declining, Chinese authorities are planning to lay off almost two million workers in the coal and steel industries. This is not likely to be taken passively by the Chinese working class whose strike actions have doubled in 2015 to a total of 2,774 strikes last year. As the Chinese workers start to expect more, this will probably include a demand for higher wages. If they get those wages, goods coming to the US will no longer be dirt cheap.
