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DJCB - China - One Problem Ends And Another Begins
ETRACS BLOOMBERG COMMODITY INDEX TOTAL RETURN ETN SERIES B
Over the past years, the world became accustomed to double-digit percentage economic growth in China. In late 2015 and early 2016, a slowdown in the world's most populous nation caused commodities prices to fall to multiyear lows as concerns over the Chinese economy rippled around the globe like a tsunami. President Xi rolled out his "new normal," a program that prepared the world for slower, but stable growth in China. Over the years that followed, GDP growth remained north of the 6% level but has been declining as the Asian nation continues to face growing