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Saturday, February 18, 2012

''China Cuts Bank Reserve Reqs; Exports Look '’Grim’'

"Premier Wen Jiabao aims to steer the world’s second-biggest economy through a property market slowdown and the weakest export growth since 2009, with the commerce ministry last week calling the trade outlook “grim.” The International Monetary Fund said this month that China’s expansion may be cut almost in half if Europe’s debt crisis worsens."


from bloomberg....

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