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China’s official economic data continued to improve in August from July, as expected, but this momentum is not projected to last into Q4 2013. Furthermore, both July and August have enjoyed a strong base effect from weak growth in those months last year, with August marking the nadir in activity for 2012. As that base effect fades in Q4, year-over-year growth rates will ease. The bottom line for multinational corporations with operations in China is not to buy into the “rebound” rhetoric regarding the Chinese economy.
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