Andy
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06:09:41 am on April 21, 2008 | # |
It seems like every time you watch the news, local, national or international, there’s a story related to China in there somewhere. Most likely it’ll be about exponential growth, acquiring resources, pushing up food and fuel prices or some such. However, the WSJ reports that stock in China have actually dropped 50% inside six months! That’s a) bad news for the millions of day traders throwing their money into the stock markets, and b) indicative of how fragile our world economy is. However, I doubt this signals an end to China’s growth, far from it. We are still addicted to cheap import crack.