China's economy stutters as global economic centre of gravity shifts south
China is on course for its slowest economic expansion in 40 years, say economists, as ...
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The Los Angeles Times reports: “Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of return. Everything’s fine while the economy is growing. But when it slows, those borrowers could default, causing problems to cascade through the financial system.”
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