"The next big global financial crisis will emanate from China," writes Martin Wolf. "That is not...

|By:, SA News Editor

"The next big global financial crisis will emanate from China," writes Martin Wolf. "That is not a firm prediction," but he notes how the U.S., Japan and a host of others suffered crises following financial liberalization and global integration. Still, Wolf is encouraged by China's cautious and "sensible" plans for reform.