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0 China Concerns Accelerate, As Manufacturing Gauge Comes In Weak

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With all the new talk about a double-dip in the economy, you can sense the center of attention shifting away from Europe, and towards the two poles of the global economy: The US and China. A bona fide slowdown in either one would seriously rattle global markets, and lately the data has been consistently disappointing. The latest out of China confirms the trend. Bloomberg: China’s manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world’s third-largest economy is moderating.

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