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August 7, 2008
The China Downturn Bandwagon
Hmmm... Now everyone is jumping on the China downturn bandwagon.
Textile exports fell 4.2 percent in June from the same month last year, a serious blow to an industry that employs millions of people. Overall export growth in June was 18.2 percent, down from May's 28 percent rate.
Note the change in overall export growth means that there has been a decrease in the rate of increase, but that exports continue to grow.
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