China’s manufacturing contracted by the most on record last month as the global financial crisis cut demand for exports, a second survey showed. A government-backed survey released on Nov. 1 also showed a record contraction, adding to concern that the world’s fastest- growing economy may slump.
With export orders falling because of the global slowdown...
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China
Chinese Bubble Bursts
What’s China’s game?
An interesting take-over battle is now taking place in the world mining industry. Towards the end of last year, BHP Billiton, the world’s largest mining company, made a bid to take over Rio Tinto, the world’s second largest mining company. According to the Times of London (5 February) a BHP-Rio merger
“would create the world’s...
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