12.12.2008 - Downturn choking global commerce
From Washingtonpost.com: Sharply lower consumer spending in the United States and other high-income countries is stalling global trade, causing a surprise downturn in exports from China that is dramatically slowing its economy and rippling through other countries that rely on international commerce. With recessions hitting the United States, Europe and Japan at the same time, China yesterday said its November exports took their biggest dive in seven years..... Full Article: Source
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