Will Global Economic Downturn Hit China Too?
Not so long ago, conventional wisdom held that China would emerge unscathed from the global financial crisis, mainly because its banks had virtually no exposure to the toxic assets poisoning the Western financial system. Some still hope China will help fuel a broad recovery.
But warning signs have begun to emerge, as the Chinese economy slows and thousands of its manufacturers close their doors. Might the financial crisis inflict enough damage to ...
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