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Politics : War

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To: Hawkmoon who wrote (6870)10/16/2001 4:25:25 AM
From: GUSTAVE JAEGER  Read Replies (1) of 23908
 
Re: Japan and China are both in deflationary spirals which are being mitigated by the fact that they have been permitted to export to the US market far more than they import.

[...]
Still, the U.S.-led slowdown has not been nearly as bad for China's largely closed economy--which relies on exports for 20% of its GDP--as it has been for some more open regional economies that rely on exports for half or more of their GDP. "The export fall-off is not that big a deal in terms of the macro picture," says Andy Rothman, China strategist with Credit Lyonnais Securities Asia in Beijing.
[...]

From:
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