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  • China’s Manufacturing Crisis: The Real Story  [View article]
    China's bad debts are in the banking system, not the government. They may suffer something similar to the S&L crisis, and they will blow through those reserves rapidly in order to protect their economy.

    The Chinese are in better shape overall because they are a people hungry for success and will do whatever it takes to succeed. Chinese debate how to get the economy moving, Americans debate how to save welfare and government spending.
    Nov 07 09:19 am |Rating: 0 0
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