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China Finally Cuts Rates

According to CNStock, Andy Xie, ex-Morganstanley economist, said China A share market - Shanghai composite index will move downwards further from current level of around 2000 to 600. If that was the case, I guess US market would drop at least 50%. GS, MS and City would all go bankrupcy for sure.

China's Negative Economic Outlook

The changing shopping habbits of chinese housewifes will see petro prices down to $100. Plus, copper price will also face a big drop in August when Olympics games start.