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Import Problems Plaguing China

Just like it happened with George Costanza, China is having import problems. More specifically, imports have taken a nosedive, and that has a lot of smart people worried about the fate of China's Large Cap ETF (NYSE: FXI.)

It does seem suspicious to me that the simple act of shutting down the markets for a day back in September seemed to have such a powerful stabilizing effect on China’s market and the worldwide market. It’s like when a toddler covers his eyes and says “you can’t see me!” We can see you, you little dummy, and unfortunately the world can still see China as well. Nothing is ever set in stone with this kind of thing, but the import issue is a cause for concern.