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Kina - "It is difficult to gently deflate a bubble."

The balance of evidence is that most powerful Chinese leader since Mao Zedong aims to prick China's $24 trillion credit bubble early in his 10-year term. 

This may be well-advised for China, but the rest of the world seems remarkably nonchalant over the implications. 

Ambrose Evans-Pritchard, 12 Feb 2014

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