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China's sharp manufacturing recovery means little if world in recession

With US, Europe and Japan all struggling, there is no one to buy Chinese goods

| China
Workers assemble air conditioners at a factory in Jiujiang on Mar. 16: if China really is back, who is buying?   © FeatureChina/AP

Those who are bullish on China's prospects are having a great week: its all-important manufacturing sector has returned to expansion. Enjoy it, because this momentary high is already ceding ground to global realities.

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