What are the potential risks associated with China bonds, currencies, and equities as mentioned in the text?
Value Seen in Hong Kong Stocks, CMC Markets' McCarthy Says

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2.
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How do the equity market conditions in China compare to those in the United States according to the discussion?
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What is the significance of the 20% fall in equity indices as discussed in the text?
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What are the implications of trade wars on global growth as per the speaker's perspective?
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What opportunities exist in the emerging markets within Asia according to the discussion?
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