Bloomberg.com: News - 0 views
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Kirll Shaman on 01 Dec 08China or India can survive with no world demand, they will survive on their inner country demand. What will US do if their demand suffers is unkown, if you take into considieration that their economy is 80% service, consumption oriented.
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China’s leaders are doing their part. The massive 4 trillion yuan ($586 billion) stimulus plan they unveiled on Nov. 9 signaled their intent to spur domestic consumption
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While Chinese consumers, as a group, still don’t overshadow their American counterparts in total spending, their outlays are growing. China’s retail sales jumped 22 percent in October
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He predicted they would account for 10 percent of global economic output by 2010. Already, they comprise more than 15 percent.
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has been down as much as 70 percent from its high, while Moscow’s stock market has fallen as much as 75 percent from its peak
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BRIC nations combined held 41 percent of total global foreign exchange reserves as of early November
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