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China: High Stakes on Both Sides of the Atlantic

China: High Stakes on Both Sides of the Atlantic

Our Correspondent
Aug 18, 2011
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Asia Sentinel
Asia Sentinel
China: High Stakes on Both Sides of the Atlantic
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With the twin crises of the American budget deficit and the European public borrowing emergency, China has ample worries: Its main international debtor, the United States, is increasingly likely to pay back in devalued currency, if it avoids a more serious event.

Europe, China’s main customer – taking in a quarter of China’s exports – sees the underlying…

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