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nnnnn forget about puerto rico increase the real story is china i'm jennifer applying u. s. investments added her forever is i've spoken with a lot of investors this week some of the biggest money managers are telling me that the concern is really focused on china which is the world's second largest economy now at the reason they're looking at china is because we do a lot of activity with china and we've seen at their markets come under severe selling pressure since mid june we've seen the shanghai composite dropped nearly twenty percent , now i've spoken with jeffrey gun lock bill gross mohammed al arian on dan iverson who succeeded bill gross at pimco and they all tell me that china is definitely on the top of their worry list a lot of investors would say porto rico increase are the clear and present danger when you look at what's been happening with china and their margin lending activity there's been a lot of worries about what's going to happen in terms of the contagion effect , uh mohammed al arian says you can see that even the rate cut that took place last weekend arm by government officials still didn't stem any of that %HESITATION scare putting greece in perspective the population there is eleven million residents and not half of shanghai's population so to give you that kind of backdrop gives you a feel for how enormous the china situation is