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Pernod Ricard: China Slowdown Only Temporary

The slight slowdown of growth in China shouldn't last long and consumers should be back to spending heavily again in the first half of 2013, according to French drinks group Pernod Ricard SA (RI.FR). "We see this as a temporary slowdown, in part linked to the political transition and lower GDP numbers this year," Chief Financial Officer Gilles Bogaert said in an interview. (Fox Business)