Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).
Chinese officials have caused concern in world markets with a surprise announcement that both imports and exports fell in June.
China had been trying to maintain that the country’s economy was not slowing down but a 3.1% downturn in exports from a year prior is leading economists to watch for a slowdown.
Economists had predicted a 4% growth in Chinese exports in June.
Analysts believe China’s GDP numbers, released on Monday, will show even more economic slowdown. Much of the slowdown is based on weak demand from the U.S. and Europe. China’s economy is heavily based on export trade.
The World Bank and International Monetary Fund have both cut their outlook for China’s economic growth.
“We expect both export and import data may remain at a relatively low level in the second half [of 2013],” Wang Jin of Guotai Junan Securities in Shanghai told the BBC. “[This is] due to weak demand at home and abroad.”
