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Beijing's eerie calm has hidden dangers

Current market turmoil did not start in China, but risks are lurking

| China

As global markets crater and central bankers from Washington to Tokyo scramble, where is China?

Asia's biggest economy has been remarkably quiet as echoes of the 2008 Lehman shock ricochet through bourses everywhere. World leaders from U.S. President Donald Trump to Japanese Prime Minster Shinzo Abe took to the airwaves to counsel calm. Yet from President Xi Jinping's team in Beijing -- just the sound of crickets.

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