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China forecast to tip world into recession

China's continued slowdown may drag global growth below 2%, says Morgan Stanley executive

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An investor holding a board with Mandarin words meaning "government saves the market so that investors will be happy" at a brokerage house in Shanghai on Monday.

New York

FORGET about all the shoes, toys and other exports. China may soon have another thing to offer the world: a recession.

That is the prediction from Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, who says a continuation of China's slowdown