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2012-07-18 — kingworldnews.com
The know that in the long-run, the manufacturer/export driven economic model they've been operating on for 15 or 20 years is not sustainable. So they are trying to stimulate domestic demand. The way Brazil did that was to raise interest rates, which strengthened their currency.Â
Brazil's economy slowed a bit, but still kept growing. Then, lo-and-behold, they stimulated domestic demand, and I think that's exactly what China is doing."
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