OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
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By Alex Lennane
Not very good news. China’s manufacturing grew at a weaker pace in April than it did in March, in “disappointing” figures. The slowdown spread across Asia, to Korea, Japan and Taiwan as global demand remains weak. The Chinese economy still grew at 7.7% in the first quarter – a figure most developed countries can only dream of – but it missed forecasts.
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