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Australian dollar (AUD) is falling towards its 2008 and 2020 lows as China's bond contagion is probably already occurring. China bailing out massively indebted property companies will not solve their rising unemployment rate and debt crisis. All eyes on Australian bonds and AUD.

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China's slowdown could be the 'one' this time, Chinese authorities stop reporting youth unemployment numbers. Eerily similar to when China underreported and stopped reporting COVID infections. Pointing to a severe recession for the Chinese economy. Australia will take a massive hit, all eyes on the AUD and Aust bonds.

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