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Mark Mobius Sees Rude Awakening For Hedge Funds Betting Against China
FYI: Mark Mobius has advice for people betting on a Chinese collapse: Don’t underestimate the world’s second-biggest economy.
As China loses steam, prominent investors are wagering that Beijing will find itself backed into a corner as its banking sector crumbles under ballooning debt and its currency sinks. But while some signals look bad, according to Mobius, they’re not cataclysmic.