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Chinese equities have been in turmoil in the past few weeks, stoking fears about the state of the Chinese economy. But Oxford Economics’ Alessandro Theiss and the FT's James Kynge argue that it is confidence that has been hardest hit by the turbulence.

► FT Markets: http://bit.ly/1J5HNd3

► FT Global Economy: http://bit.ly/1J5mmqH

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