China imports fall

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China imports fall

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Monday, September 10, 2012

China's imports shrank in August, a sign that its economic slump is worsening.

The Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending.

Analysts expect Chinese growth that fell to a three-year low of 7.6 percent in the latest quarter to rebound late this year or in early 2013. But they say it likely will be too weak to drive a global recovery without improvement in the United States, which is struggling with a sluggish recovery, and debt-crippled Europe.

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