China is facing a major crisis, resembling its 2008 financial moment. The crisis is sending global markets into chaos

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Bazooka’s and bank recaps. Nothing has worked. Instead, China’s industry is in freefall with deflation threatening to spiral out of control. At the same time, real estate developers are back in the news facing insolvency; a threat that is impacts the world outside (offshore) China as much as what’s happening inside.

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