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On International Market Watch today Tim Mulholland, Managing Partner of China-America Capital Company in Chicago, discusses:
- debt ceiling in focus
- not expecting a repeat of anything like 2011 negotiations
- US consumer recovery
- real income back to 1989 levels
- US property prices
- China PMI improvement
- private sector economy doing just as well as state-owned companies
- policies re: rebalancing ok, not out of woods but no collapse on the horizon either
- demand will come from consumer and infrastructure projects (especially rail)
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