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	<title>China Financial Markets &#187; World Bank</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Should China raise wages?</title>
		<link>http://www.mpettis.com/2008/11/29/should-china-raise-wages/</link>
		<comments>http://www.mpettis.com/2008/11/29/should-china-raise-wages/#comments</comments>
		<pubDate>Sat, 29 Nov 2008 11:52:38 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[wages]]></category>
		<category><![CDATA[World Bank]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=93</guid>
		<description><![CDATA[There is a very interesting graph on page 14 of the World Bank’s December 2008 Quarterly Update on China. I am not smart enough to figure out how to reproduce the graph but I will describe it. It shows private consumption and wage share in China as a function of China’s GDP, from 1993 to [...]]]></description>
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		<title>More downward revisions</title>
		<link>http://www.mpettis.com/2008/11/25/more-downward-revisions/</link>
		<comments>http://www.mpettis.com/2008/11/25/more-downward-revisions/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 10:14:12 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Policy]]></category>
		<category><![CDATA[World Bank]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=79</guid>
		<description><![CDATA[The Citibank rescue Monday caused markets around the world to surge, but China was buying none of it. Yesterday the SSE Composite dropped 3.7% and, after a morning rally, it declined a further 0.4% today to close at 1889. The economic news continues to be bad and it is hard to find any enthusiasm anywhere, [...]]]></description>
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