American businesses are nervous about the Chinese New Year

Posted: January 21, 2011 in Iraqi Dinar/Politics
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The Chinese New Year, which is just two weeks away, is making at least one American retailer very anxious.

“In China, everyone goes home for the Chinese New Year holiday,” said Mona Williams, vice president of buying for Texas-based The Container Store, a haven for storage and organization products.

That means the hundreds of thousands of factories in the world’s workshop that make everything from toys to televisions will shut down for 15 days straight.

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