Fears of an economic meltdown in ChinaQuicklink submitted by Sheila Samples Permalink
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|Mounting instabilities in the Chinese economy have provoked fears among international analysts that world capitalism is about to be hit by another shock. A clear indicator of global concern over a crash in China is the rising net value of outstanding credit default swaps (CDS) on Chinese sovereign debt--a type of insurance against a Chinese government default. This now stands at $US8.3 billion|
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