China rate hike fears hit stock markets (AP)

Shoppers rest after shopping at a supermarket in Beijing, China, Thursday, Jan. 20, 2011.  China's economy accelerated in the last quarter of 2010 to expand a blockbuster 10.3 percent for the year as its communist leaders struggle to keep growth on an even keel while cooling surging prices. (AP Photo/Ng Han Guan)AP – Fears that China will tighten its monetary policy hit stocks hard Thursday despite another batch of encouraging U.S. economic news.

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