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发表于 2010-11-19 03:04 PM
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Interesting perspective on China's tightening ...
If China suffers a rapid slowdown in GDP growth, the impact on the rest of the world may be far less than expected, Michael Pettis writes. "The real key is the evolution of the Chinese trade surplus. If it contracts, it will provide an expansionary boost to the rest of the world, not a contractionary one." |
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