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Capital Expenditures and Home Sales Soar in China

The big news of the week out of China was the 25 percent drop in Chinese exports. What didn't get a lot of attention was the spectacular news that capital expenditures in factories, utilities, roads, and real estate jumped by 32 percent in May or that Chinese home sales skyrocketed by 45 percent in the first five months of this year. The Chinese economy is back on track, healthy, and growing.
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