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Businessweek joel weber. Lets start with remarks in asia, that bears close watching. Businessweek has been writing about the debt pile up in china. China has been doing something to get rid of that. Joel this is called the year the dog. What we will be talking about is deleveraging. The debt pile up in china is enormous. Theres been a number of people the further away you get from china, the more bearish you get on china, apparently, but for years, people have been calling for something is going to give. It will be bad for the global economy. All eyes on this in general. Where our story picks up on that is talking about, the number is 30 trillion. Thats how much we are talking about here. Its massive. The number people pick up on is 2. 5 gdp. What do you do about that . President xi this year will be about deleveraging, which is what this is about. Julia still providing credit to companies that they are not concerned about, but they are also cracking down on big corporates that have be

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