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Thread: China’s economy is on the verge of collapse?
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[quote=BOBERT,451375] "To make matters worse, much of the growth that is occurring in the developing world is driven by Chinese demand for commodities. "So if China is serious about reducing it's over-reliance on investment it will have the unfortunate consequence of reducing growth in the developing world just when China needs it most." Attempts to increase its exports to the developing world may also meet with resistance. Recent data showed that Brazil's economic growth had slowed to a standstill. The country - Latin America's biggest - has previously complained about the threat to its own export competitiveness posed by the weakness of Western currencies. Meanwhile in India, the mood may be turning against opening up the country's economy to foreign competitors. The government suspended plans to let global supermarkets compete in the country, following political uproar and public protests. [/quote]
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