August 31, 2012China's Growing Economic CrisisWilliam Pesek, Bloomberg
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![]() AP Photo Local governments are cash-strapped and awash in debts that could turn bad. The eurozone seems locked into permanent-crisis mode while the U.S. is bogged down with debt, economic stagnation and political paralysis. China proved it can live for a few years without U.S. and European customers, but not forever. TAGGED: China RECOMMENDED ARTICLES
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