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China Export Gains Seen Halved With Fake-Data Crackdown
China’s crackdown on fake export invoices used to disguise money flows is probably cutting the nation’s trade figures, revealing subdued global demand that will weigh on economic growth. Outbound shipments may have grown 7.1 percent in May from a year earlier, less than half the previous month’s reported 14.7 percent, based on the median estimate of 34 economists ahead of data due June 8. Import growth probably slowed to 6.9 percent from April’s 16.8 percent, a Bloomberg News survey showed.
Originally posted by MortlitantiFMMJ
A war in east asia does not equal a world war, even if death tolls would be greater. I see no reason for Russia, USA or Europe to get involved in such a conflict, especially if it turned nuclear. Far better to allow your rivals destroy each other, rather than get involved in a war where all sides lose