China’s debt problems have emerged so much more rapidly and severely this year than in the past that a growing number of analysts believe that this may be the year that China’s economy breaks. There is no question that China will have a difficult adjustment, but it is likely to take the form of a long process rather than a sudden crisis
. The colonists were angry over the Townshend Acts, which led to riots. It was important because it was a turning point in America's quest for independence.
