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Tuesday, June 23, 2015

China's Bubble Will Burst

Stand Back (Clive Crook) from Bloomberg 
"The fact that a lot of shares have been bought with borrowed money will worsen the impact on many households and put lenders at risk as well. The blow to confidence will be all the greater because the government has acted so conspicuously as a market cheerleader. That's why the bursting of the stock-market bubble could conceivably deflate the myth that what Beijing commands of the economy shall be so."

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