Associated Press
In this photo taken Wednesday, July 11, 2012, a street vendor tries to sell cheap handbags in Beijing, China. From shopkeepers to shipbuilders, China’s deepest slowdown since the 2008 global crisis is inflicting more pain in some areas than still-robust headline growth of about 8 percent might suggest. State industry is getting infusions of government cash but private sector companies are struggling, cutting jobs and scrambling for customers.(AP Photo/Ng Han Guan)

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