A women wears a bright red hat, covered with yellow stars in the style of the People’s Republic of China’s national flag, also known as the Five-star Red flag as she visits the Forbidden City in Beijing, China. (Photographer: Luke MacGregor/Bloomberg)

China Stands Between Emerging Market Turmoil and Global Pain

(Bloomberg) -- China’s growing share of the global economy means its familiar role as the bulwark between emerging market pain and developed economies has never been more crucial.

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