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From Greece's frying pan into China's fire

The "fear" of contagion springs from the extrapolation that should China's stock market "mayhem" persist the attendant negative wealth effect and loss of confidence would bring the economy a-tumbling down.

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Read more: ChinaGreeceQEFedJulyASX 200 indexAthensAustralian Financial ReviewCommunist PartyGreat DepressionGrexitHang Seng IndexNikkeiPM LiShanghai Composite Index