Next time they’re in New Haven, certain economists might consider stopping by Stephen Roach’s “Next China” class. Roach, the former chairman of Morgan Stanley Asia, said at a conference in Shanghai last week that speculation that the Chinese economy will enter a hard landing are “vastly overblown,” according to a report from Bloomberg. China has been controlling inflation well, Roach says — its banking system will not collapse, and its property bubble will not burst. Roach pinpointed the increasing dependence on fixed-asset investment and the decline in private consumption as potential obstacles to economic growth, according to Bloomberg. Adding job opportunities and boosting wages would also stimulate consumption, and the economy.
University | 1:26 pm | March 15, 2012 | By Jack Linshi
Chinese economy still solid, Roach says at conference