Chinese stimulus plan – defend and spend
Don’t burst the bubble…
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The manufacturers of Datang, in Zheijiang province, have made a fortune out of the hosiery business, and despite the fact that the city made an estimated 24 billion socks last year, times are increasingly tough. An exhaustive piece from The Guardian’s excellent China correspondent Tania Branigan on whether the slowdown in Sock City is symptomatic of decline in the world’s second largest economy.
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