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The Wire

Trouble in Toyland: U.S. recession jolts China

For American parents, bargain prices for toys this holiday season qualify as good news: A Barbie fan who rose before dawn for Wal-Mart’s Black Friday sale could secure the coquettish “Barbie Diamond Castle Princess Liana Doll” for $5 — royally marked down from its regular retail price. At Target, a 10-pack of die-cast Hot Wheels cars also went for just $5, while a radio-controlled helicopter cost a mere $15. The price wars were enough to draw consumers out of their bunkers for their first shopping spree in months.

The Vine

China to Be Second-Largest Market by 2010, Wu Says

May 24 (Bloomberg) -- China will probably surpass Japan by 2010 to become the world's second-largest consumer goods market, as economic growth raises the income for the nation's 1.3 billion people, said Chinese Vice Premier Wu Yi.

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