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Taming the China Bears

BEIJING – The market is always in search of a story, and investors, it seems, think they have found a new one this year in China. The country’s growth slowdown and mounting financial risks have spurred a growing wave of pessimism, with economists worldwide warning of an impending crash.

But dire predictions for China have abounded for the last 30 years, and not one has materialized. Are today’s really so different?