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TO THE POINT: China's.CPI and PPI growth rates dropped rapidly in November, an alarming sign of the deepening downside risks of the Chinese economy. The crisis also affected the country's exports, which fell for the first time since June 2001. Meanwhile, the economic slowdown has put brakes on foreign fund inflows with FDI declining continuously. Property markets have lost further steam before the government's sta-bilization Policies take effect. German company Siemens defies the economic slowdown to enjoy spectacular growth in China.

By HU YUE