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A production line of air conditioners at a factory in Zhuhai in south China's Guangdong province.  China is creating more production capacity than the world can consume.  Pic: AP.

Opinion: China is going down… We mean it this time

By Tue, Apr 19, 2011 12:18AM UTC View Comments A production line of air conditioners at a factory in Zhuhai in south China's Guangdong province.  China is creating more production capacity than the world can consume.  Pic: AP.

What goes up, must come down. All economies experience periods of growth alternated with stagnation – sometimes even shrinkage.  China is no exception to that law of economic gravity, so we know that the Middle Kingdom will at some point go through a period of low or negative growth.  But, like the Second Coming, one can have...

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