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China Stocks

Let’s Blame China

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First, a little disclaimer, the title was inspired by my friend Zhong Siwei “Let’s think China” blog. I think this pretty well summerizes the “blaming game” after yesterday’s global market sell off. Whether it has credit or not, from CNBC to the Newspaper and Internet, all fingers pointing to one place, China. No wonder typically soft spoken Premier Wen Jiabao, firmly declared “financial market stability is the key….”. I think he really meant “it’s not our fault”.