"Vastly overblown," is how Stephen Roach (formerly MS, now a Yale prof) describes fears of a...

|By:, SA News Editor

"Vastly overblown," is how Stephen Roach (formerly MS, now a Yale prof) describes fears of a hard landing in China. A big fan of China's central planners, Roach says they've done yeoman's work controlling inflation and the next task is to wean the country off of a reliance on fixed-income investment at the expense of consumption.