Investing in the internationalisation of the renminbi

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China cannot avoid a hard landing as a result of the faltering global economic recovery. Or at least this is the conjecture of a growing pool of analysts that, based on data for January and February, find the seemingly unstoppable growth engine could finally be feeling the effects of the global financial crisis.

Data to support the view comes in the form of a 6.5% fall in car sales in the first two months of 2012 versus a year ago; crude steel production now barely positive, down from a growth r