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Friday, August 10, 2012

Chinese economy

Chinese data says economy is poor. Growth in exports has been crushed by problems in america an europe. Contraction is a matter of great urgency. Jobs are going away. People are in a state of panic. Talk of an eventual recovery is over. Government is taking more aggressive measures. Sadly, things look very grim. On Thursday, we receive more sour news. It looks very bad for the Chinese economy.

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