Posted AT 10:00 AM EST on 13/11/08
China positioned to unleash global deflation
It wasn't that long ago that pundits were counting on China to rescue the world from economic calamity. Now, China may be poised to become a key source of the problem.
After a recent visit to China, Nobuyuki Saji, chief economist and equity strategist for Japanese investment bank Mitsubishi UFJ Securities, issued a report warning that China could be on the verge of pushing the world into a deflationary spiral.
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