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Econbrowser: How Important Is China to World Growth?
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How Important Is China to World Growth?
This is a tough question to answer. But I can provide an answer of a mechanical sort. Consider how big the Chinese economy is, compared against the US, the Euro area and Japan.
FT.com / Columnists / Martin Wolf - Japan’s lessons for a world of balance-sheet deflation
Japan’s lessons for a world of balance-sheet deflation
By Martin Wolf
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JAPAN Financial System Report (March 2008)
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Japan's financial system, on the whole, has remained stable despite global financial turmoil triggered by the U.S. subprime mortgage problem. The total risks borne by banks have largely been restrained, compared with their capital position. The robustness of the banking system against a stress scenario of interest rate risk and credit risk has remained relatively high.
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