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China is stuck in overcapacity, leaving most items to depreciate

China is grappling with a chronic structural curse as rampant overcapacity threatens to relegate a vast array of "Made in China" products to the status of cheap cabbages. If left unchecked, this paralyzing supply-demand mismatch will inevitably drag the world's second-largest economy into a severe systemic crisis, dealing a permanent blow to its annual GDP g..

US inflation hits 3-year high above 4% as oil prices surge
U.S. consumer price inflation has soared to its highest level in three years, driven by a surge in energy prices stemming from the war in the Middle East...

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