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The latest Chinese manufacturing and services reports showed continued contraction in December 2015, resurfacing fears of an economic slowdown in China. The Caixin manufacturing PMI fell to its lowest level since September and the services PMI dropped to its lowest point since July 2014. China is important for the global economy because it accounts for 10% of global imports and nearly half of global GDP growth in 2013. A slowdown in China negatively impacts commodity markets and economies that export heavil
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- the mindbender
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- EN