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When it comes to China, there's always a catch

And hedge funds and big investors are coming to grips with that after the receent stock and currency upheaval

RISE AND FALL: The bull run was heralded as a new golden age of stocks by the Chinese state media. Until it hit a free fall that erased over US$3 trillion in market value, volatility that still continues.

AS China's once-staid currency suddenly dropped sharply last week, Wall Street began sniffing around for a way to profit. A trader on Goldman Sachs' Hong Kong trading desk sent out a memo to hedge fund clients highlighting one opportunity: Taking advantage of a price difference between China's...

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