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Reuters reports that the worry that kept global economists awake at night that China’s growth would tank this year was overly pessimistic, with GDP expected to hold at around 7.3% when the third-quarter numbers are revealed next week.

Meanwhile, the Eurozone 18-member single currency bloc is fast heading towards a triple-dip recession as Germany, its main economic engine, hits the buffers with exports plunging by a year-on-year 5.8% in August hobbled by Russian sanctions.

So as the report says: “If China is looking for an expanding destination for its exports, it can probably skip the Eurozone.”


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