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Actionable news in AA: ALCOA INC,

Alcoa Shows China May Be Worse Than We Thought: Jim Cramer By Jim Cramer | Oct 09, 2015 | 08:50 AM EDT

NEW YORK (Real Money) -- Tough moment. Really overbought. The most of the whole year. We have seen outsized gains in so many stocks in the materials segment, even as we found out Thursday that China's doing even worse than we thought.

That was the real takeaway from the Alcoa (AA - Get Report) quarter, from what I can see. CEO Klaus Kleinfeld made huge slashes in production for the country, so big that you can see why so many are saying that this time it must be different and the Chinese have to do something serious to get the economy going.

I felt the exact same way when I read founder Jack Ma's letter about the poor performance of Alibaba (BABA) , where he left the door open for what could be 5% GDP growth.

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