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January 7, 2016

China Halts Trading for Second Day This Week Amid Market Fears
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In China, trading was halted for the day for the second time this week
after stocks plunged 7 percent in less than half an hour. It was China's
shortest trading day in 25 years. This comes as oil prices plunged to
the lowest levels in more than a decade. A new report by the World Bank
warns that the global economy risks facing a "perfect storm" in 2016,
renewing fears about a new global financial crisis.


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