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oh ..if the Chinese stop making stuff cause we can't buy it, then there will be a collapse of the Renminbei too.
TOKYO (AFP) - Japan's Toyota Motor Corp. is curbing production in China as sales slow in the once-booming market, a company spokesman said Monday.
"As sales growth has become slower than we projected earlier, we are adjusting output," Toyota spokesman Toshiaki Hori said, without disclosing the extent of the production cutbacks.
The Nikkei economic daily reported that Toyota plans a 10-percent cut in production at its joint venture in China with Guangzhou Automobile because demand is falling due to tighter credit and falling share prices.
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Full article here
Very telling. China cooling off could really take some of the inflationary pressure off Western economies from the run up in commodities.
Look for oil to level off or drop if this trend is indicative of a Chinese slow-down.
oh ..if the Chinese stop making stuff cause we can't buy it, then there will be a collapse of the Renminbei too.
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