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October 21, 2008
China's Economic Growth 9% in Third Quarter And Dropping
Statistics compiled by the Chinese state are unverifiable and unreliable, but Western company representatives seem to agree that the bloom is still there, but wilting somewhat. Indeed, the Chinese economy has slowed drastically, even before the American melt-down. Expect more to come as American and EU retail spending plummets over the course of the next year.
You read intimations that trade was slowing here (and elsewhere on this blog) long before you could read it there.
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