We're one slip from Armageddon, but China has the most to risk as untold millions in the country could face unemployment, poverty and worse, writes CHARLES PARTON

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No one is more aware of the dangers of that miscalculation than the Chinese leadership. President Xi Jinping knows that if he takes a gamble and loses, the repercussions could destroy China’s economy or might even bring down the Communist Party that has ruled since 1949.