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China’s Property-Led Economic Slowdown Shows No Signs of Ending

From bnnbloomberg.ca

China’s economy continued to slow in November with car and homes sales dropping again as the housing market crisis dragged on. That’s the outlook from Bloomberg’s aggregate index of eight early indicators for this month. While the overall number stayed unchanged, under the surface there was a further deterioration in some of the real-time economic data. Strong export demand has helped to partly offset the property slump, and the latest shipment figures from South Korea -- a bellwether for global trade -- suggest another solid month for the sector. However, the pace of increase slowed and other high-frequency global ... (full story)

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