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China Needs a Hard Landing to Cleanse System: Fund Manager | |
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February 07, 2012 After the U.S. and Europe, China's economy is going to be next in line for a major credit crisis and Chinese policymakers must allow a hard landing to "cleanse" the economy, Bill Smead, CEO and Chief Investment Officer at Smead Capital Management told CNBC on Wednesday. Source: http://www.cnbc.com/id/46304038?__source=RSS*tag*&par=RSS |
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