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China's Economic Structure is Deeply Flawed and Fragile: Author

Thursday, 10 May 2012 | 1:30 AM ET

Satyajit Das, author of Extreme Money, told CNBC, "China cannot rebalance from debt fuelled investment to consumption, because China is trapped in the cycle where they have to force people to save for a whole bunch of reasons, but one of them is to keep these deposits in the banking system to keep the banking system going and cover up the bad debts."