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Hysteria over China has become ridiculous
Hysteria over China has reached the point of collective madness. Forecaster Nouriel Roubini said in Davos that markets have swung from fawning adulation of the Chinese policy elites to near revulsion within a space of 12 months, and they have done so based on scant knowledge and a string of misunderstandings. The Chinese themselves are being swept up by the swirling emotions. State media has accused hedge fund veteran George Soros in front page editorials of attempting to smash China's currency regime by "reckless speculation and vicious shorting". "Soros’s war on the renminbi cannot possibly succeed – about this ... (full story)