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Thread: Deutsche Bank: the ecocnomic slowdown is a bigger worry than inflation now!
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[quote=JIMMYB,306400]A report from the Deutsche Bank says that China faces higher risk of the economic slowdown than that of inflation now. According to the report, China's export increase has decreased from 24 percent to 13 percent. In some places, 10 to 20 percent small and medium sized enterprises have closed up due to the capital shortage, reduced demand and high cost. As Deutsche Banks' economist Ma Jun says, China's inflation pressure has been reduced compared with the beginning of 2008. The CPI has also declined from 8.5 percent in April to 7.1 percent in June. It is estimated that the CPI of July and August must be below 7 percent. The continued decrease in CPI has suggested that the inflation pressure has been reducing too. Do you agree to the report?[/quote]
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