Taming the China Bears
China’s growth slowdown and mounting financial risks have spurred a wave of pessimism, with economists worldwide warning of an impending crash. But these predictions are largely based on historical precedents and universal indicators against which China, with its unique economic features, simply cannot accurately be judged.
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BEIJING – The market is always in search of a story, and investors, it seems, think they have found a new one this year in China. The country’s growth slowdown and mounting financial risks have spurred a growing wave of pessimism, with economists worldwide warning of an impending crash.