China’s Sharply Slowing Economy Worries…

It has always been the question of not if but when the Chinese economy would slow sharply “for the simple reason,” as one leading economist and China watcher once put it, “that it has done so well.” The recent numbers are quite worrying, and as the saying goes in the field of crisis economics, it is when the tide had washes out that you would know who was swimming naked. China’s massive debt levels, a subject of intense media attention, are often seen as the factor that could finally send the world’s second-largest economy into a tailspin. But China is a big economy and it takes time for such a big ship to feel if the winds were blowing against it.

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