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Baltic Dry Index Turns Down

A few days ago, I wrote about the Baltic Dry Index being an indicator of China's economic activity. It had turned up coincident with the end of the Paralympics when many factories were going back online. It all made perfect sense.

However, as you can see from the graph above, it has turned down again. I haven't been able to find anything indicating that there is any retreat in China's increasing economic activity, but if I do I will pass it along.

This is an important issue since the world needs China to be the engine of growth to pull it out of its current economic doldrums.