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China’s economic shocks have thrown the world off balance
How much disappointment can the global economy bear, with trade plunging and prices sliding?
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China's exports swooned, imports dropped alarmingly and, after months of anaemic inflation, consumer prices actually fell in July from a year ago.
PHOTO: AFP
Daniel Moss
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In the later years of the epic US growth stretch that ended with Covid-19, a phrase began to catch on to describe the buoyant conditions spreading across the globe.
The world was said to be on the cusp of an unusually synchronised expansion.
