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E.Central MN | from what I have read, China has developed a large internal demand for goods and services as more and more workers earned higher incomes than what they traditionally earned as farmers. A rising yuan will lower the price of their imports which should counteract some of the pressure they will feel when exports slow down. Lets not forget, China is in a better economic position now than they were 20 years ago. Compare that to the US and most of Europe.... | |
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Coming Chinese crash?
