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Gross Says China Bubble to Jeopardize Growth as Demand for Exports Falters

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THAT'S JUST GROSS
" Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Chinese growth is likely to be hurt by an absence of consumer demand from trading partners such as the U.S.," according to Bloomberg.  “The Chinese, I suspect, will have a bubble of their own to confront,” Gross said in a Bloomberg Television interview yesterday from Pimco’s headquarters in Newport Beach, California. “It’s gearing up for export that doesn’t find an end consumer, that’s the real problem in China.”
SOURCE:   Bloomberg

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