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Opinion

Beware parallels with 1987 financial crash

With markets volatile, Asian states must reinforce their defenses

| China

Like their advanced economy counterparts, Asian investors and policymakers are remarkably complacent about the risk of an economic slowdown and financial market dislocation. Argentina's request for International Monetary Fund assistance after issuing 100-year bonds as recently as last year highlights the speed with which circumstances can change. While their economies are in stronger position, Asia too remains vulnerable.

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