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Excerpt from Bloomberg -- "While China probably will avoid prolonged Japan-style stagnation, a major crisis could expose weaknesses that aren't apparent now, according to Smith. 'Most people today are talking about China displacing the United States as the great power of the 21st century,' he said in a telephone interview last week. 'My view is that it is more likely to end up like Japan - that is, the status of a former would-be superpower that isn't.'"

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Additional coverage appeared on Australian Financial Review.