prominent exporters, such as China, at some point. Click here for support. China's gotten to big for its own good, in crude terms. Lek ALL 8 L Lempira HNL 340 L Leone SLL 694 Le Leu RON 946 L Lev BGL 100 Lv Liberian Dollar LRD 430 Libyan Dinar LYD 434 LD Lilangeni SZL 748 L,., E Lithuanian Litas LTL 440 Loti LSL 426 L,.,. As you may be able to see from the above, the export-led model which China has used over the past 30 years is running into a dead-end. Keep the party going and risk a larger blow-up in the not-too-distant future. State-owned China Resources Land (HK: 1109) appears one of the most at risk. When the 2008 financial crisis hit, Chinese exports plummeted and the limits of the model became apparent. We'll also delve into the countries and sectors which seem most vulnerable to a China downturn. BD, baht, tHB 764, bht or Bt, balboa.
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The fall-out from a China downturn would be enormous and widespread, but here is a list of things which appear most susceptible were this to happen (our favourite shorts in order of preference 1) Australian banks. After all, most believe that China is the world's new powerhouse off the back of near 10 annual growth over the past decade. The Aussie banks are exposed to this slowdown, are among the most expensive banks in the developed world and have huge exposure to a mammoth property bubble which has ironically been driven by Chinese buyers of late. The end result has been that China has been able to suppress domestic demand and pour resources into investment. The signs include still booming credit growth but lower output growth, softening inflation, spiking inter-bank rates indicating stresses in the financial system, as well as large corporate defaults and bankruptcies. The consumer price index and producer price index have also slowed.