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Economists who believe that China can come to the rescue of an increasingly troubled global economy are now in a decided minority, with questions increasingly being asked whether China can save itself: Will China’s economy achieve a soft landing, a hard landing or even suffer a crash landing?

If Larry Lang Hsien Ping, professor of finance at the Chinese University of Hong Kong and a television personality, is to be believed, China’s economy has already crashed, but the damage has not yet been recognized.

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