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China is trying to slow things down a bit. They took a whack of of government owned companies and sold them in to the market. Not all that different a scenario from what happened in the former Soviet Union when many state owned companies were made private.
The Chinese economy is just a bit overheated and needs a little cooling off.
Their trade surplus with the rest of the world is up over 60% year to date over the same period last year. That kind of growth is just not manageable for any period of time.
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