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The somewhat surprising news (well, that is how it was generally presented by the media) that Dubai was defaulting on massive loans in the property sector sent shock waves around the world. Now while the impact on China was negligible, analysts say it should serve as a warning.
Prof. Sheen S. Levine, Singapore Management University and the University of Pennsylvania
Ni Jianjun, researcher with China Institutes of Contemporary International Relations
Harrison Hong, Princeton Professor of Economics,
Dr. Zhao Changhui, chief country risk analyst, China Export-Import Bank, Fellow, China Society for International Finance