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Don't be poor
Strange times. China’s inflation rate zooms on through their own target range of 3 per cent to 3.6 per cent. The country’s growth rate slows from a first quarter rate of 11.9 per cent, a second quarter of 10.3 per cent, to today’s’ 9.6 per cent. It’s a result the ‘authorities’, wanted to see. But the inflation rate is not. It’s almost impossible to imagine what this set of financial circumstances heralds for us all in the future. If China catches a cold, a good number of us will die of flu, one senses.