Posted AT 10:45 PM EST on 12/10/08
Big red machine hits speed bump
BEIJING AND TORONTO — Less than two months after the excitement of the Beijing Olympics, the economic news from China has suddenly taken a turn for the worse.
Auto sales are slumping. The stock market is nose diving. Developers are offering heavy discounts to promote their unsold houses and apartments.
Even in an economy that is still expected to grow at an impressive 10 per cent this year, the hints of trouble are worrisome.
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