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Strategies & Market Trends : Currents of Currency

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To: Ahda who wrote (356)11/6/2014 12:50:36 PM
From: Ahda   of 594
 
"Overall, the service sector grew steadily in October as the underlying business conditions continue to look better than in the manufacturing part of the economy," said Qu Hongbin, HSBC's chief China economist.

"While this pattern will likely continue, we still expect further easing measures in the coming months to help offset the downward pressures on the economy," Qu said.


Competition in production reduced a certain segment of Jobs here in the US. It has more to do with reducing income than reduction in jobs.

Seeing as China is experiencing a decrease in the manufacturing industry I wonder if the increase in service there can create a decrease in the service industry here?
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