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Can China Offset A Global Growth Slowdown?
Market Depth
The PBOC's Scaling Back Stimulus
China GDP is made up, but by no means is it therefore useless. China has a very large income and wealth inequality. It's really no different from the other developed nations. And so that's why last week I touched on like LVMH blowout earnings due to strong sales from China. On the back of this strength, we're now hearing rumblings out of the PBOC that they basically may start to gradually scale back its stimulus going forward.
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