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| By Ian Williams, NBC News Correspondent |
GUANGDONG, China – Once the Olympic party is over, is China heading for an economic hangover?
Ben Schwall, for one, thinks the headache is already setting in for the country’s seemingly unstoppable export machine.
“If you are a factory owner here, it’s not like you’re being kicked around. Somebody has hit you over the head with a baseball bat,” he said.
I met Schwall on a recent visit to the southern Chinese province of Guangdong, where he buys decorative lights for a string of U.S. retailers. “It’s the perfect storm,” he told me. “You’ve got a drop in demand. Business stinks. At the same time prices are going up.”
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