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Next sovereign default risk : China?!

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8182605/
Chinas-credit-bubble-on-borrowed-time-as-inflation-bites.html

The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011. This is a new twist.

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