"With much of the developed world still entangled in the balance sheet recession China has become an increasingly important economy. While discussing their biggest risks to 2011 UniCredit analysts explained why it is not the EMU that worries them in the future. It is China that most worries them. And not necessarily because they believe a hard landing is coming to China, but simply because China is becoming an increasingly important component of the European economy. The region’s largest economy is no exception..."
at http://pragcap.com/the-worlds-increasing-dependence-on-china
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