News from China worries investors
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While a rebound in activity was expected ahead of the big political meeting that is the 20th National Congress of the Communist Party, the latest published data all support an extension of the slowdown. Sure, health management remains a major handicap, but now we need to add power outages. But beyond these very circumstantial explanations, shouldn’t we realize that the Chinese development model as we have known it in recent years is at the end of its link?
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