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Portugal Faces Chinese Competition as Art Shop Fights Decline
In Lisbon's Bairro Alto, the Casa Ferreira fine arts store once frequented by famed painters is shrinking from 34 to four employees as cheap Chinese goods flood Europe. The piece notes Portugal's 8.4 percent unemployment, widening EU China trade gaps, and a slow modernization pace that leaves the economy vulnerable despite reforms.
MENTIONED IN THIS ARTICLE
Barry Hatton
Associated Press
Lisbon
Portugal
Europe
Casa Ferreira
Bairro Alto
Jeronimo Ferreira
Arts
China
Ferreira
European Union
Antonio Salazar
Rui Ramos
Lisbon University
Institute of Social Sciences
Nordic
Britain
Ireland
Spain
Francisco Franco
Ramos
Casa Ferreira Fine Arts