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Fretting about China's property market makes sense

Even if there is no bubble, a downturn could still wreak a lot of damage - domestically and around the world

If slowing economic growth causes households to pull back on their housing purchases, it could be companies, and the banks that lend to them, that are on the hook.

New York

AMERICANS enjoy an unusual kind of security - their big, domestically focused economy isn't very vulnerable to external shocks. But most people around the world don't have that luxury: Their jobs, businesses and livelihoods are very sensitive to events in far-off lands, and the...

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