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24/7 Wall St.: China, Back To Candles & Rice Farming

A ship broker recently outlines the problems in China. A ship costing over $200,000 per day from South America to China in May went for just over $10,000 a day recently. He noted how the docks and ports in much of China are full, and how they just simply can't accept more inflows of materials. And the quote was the best: "It's like they are going back to being rice farmers again."

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