by Michael Collins, Investment Commentator at Fidelity
June 2013
China has been an incredible asset for the world’s economy over the past three decades. Low-priced Chinese goods helped keep inflation tame while the country’s greater export-driven wealth fanned global growth via higher demand for everything from iron ore to posh handbags. More recently, Beijing’s fiscal and monetary response to the global financial crisis helped Australia and other countries navigate the calamity. Now, however, many warn that China might lob a credit crisis on the world.
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