What Are the Odds That China Will Follow 1920s U.S. and 1980s Japan? – China Business

seekingalpha.com — China's huge foreign reserves: Not a savior for the country if the asset bubble bursts. The concerns highlighted by Michael Pettis (a professor at Peking University's Guanghua School of Management, "Never short a country with $2 trillion in reserves?") are telling, particularly that huge foreign exchange reserves are not a sure shot solution for preventing China from a future financial crisis.

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