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Here's why not to worry about China (too much)

Beijing is determined to avoid prompting a global collapse; US economy is recovering

DRIVING GROWTH: Today, for countries not entirely dependent on commodity exports, a steadily improving US should help make up for the falloff in Chinese demand.

THIS week's holiday to commemorate the end of World War II couldn't have come at a better time. For a global financial system traumatised by recent gyrations in China, the closure of mainland markets is a chance to take a breath and remember that the world is most likely not on the verge of