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Not worried about China? Here's why you should be

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China posted some unexpected and hair raising trade figures showing imports falling by almost twenty percent. Doubts about the future of the world's second largest economy are rising. Slowing GDP and rising unemployment suggest the Chinese attempt to 'change gear' from an export driven market economy to a consumer driven model is not going as smoothly as China's leadership would have hoped.    

Erik Britton, former Bank of England economist and now Director at the respected UK financial firm Fathom Consulting, says that China is already experiencing a 'hard landing' and that the impact is "toxic" for the Eurozone.