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China feels the credit crunch

Updated on 23 January 2008

By Lindsey Hilsum

Shanghai's stock exchange lost 7 per cent yesterday, and there are fears it will affect a social stability dependant on future growth.

Investors of the world's fastest growing economy have never seen a market fall.

But even China's not immune from the shock waves of the bad debt crisis, which began in America and spread around the world.

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