Chinese stimulus plan – defend and spend
Don’t burst the bubble…
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Doesn’t look like 2015 is going to be a very good year for China. Today, The Loadstar reports that industrial output this is year is set to be at its lowest level for a very long time, while in western markets of Europe and the US, the near-shoring trend is gaining momentum. Rising wages, energy and land costs and all conspiring, and it is now cheaper to manufacture goods in Mexico, India, Russia, Romania and Vietnam.
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