China growth slows sharply (Reuters)

A worker walks past a large container used for steel production at the Shougang steel plant in Beijing January 22, 2009 which was closed down during last year's Olympic Games in an effort to reduce pollution. (David Gray/Reuters)Reuters – China’s economy slowed sharply in the fourth quarter and Japan’s central bank said it would slide into two years of deflation as Asia’s largest economies buckled under the strain of the global financial crisis.

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