China's Once-Hot Economy Is Turning Cold

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opednews.com Headlined to H4 5/24/12

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A nationwide real estate downturn, stalling exports and declining consumer confidence have produced what a Chinese cabinet adviser, quoted on the official government Web site on Thursday, characterized as a "sharp slowdown in the economy." China's unexpected economic difficulties are starting to unnerve investors in world markets, especially commodity markets, as China is the world's largest consumer of most raw materials and the second-largest consumer of oil.

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