I do not think that China is going to run the risk of accelerating its pace of opening up its capital markets because of adverse consequences in the global economy.
More Quotes from Stephen Roach:
The major risk to the global economy is complacency. We cannot keep thinking that we can shrug off the deficit and the property bubble.Stephen Roach
It's time to make it official. The downside risks we have been warning of over the past several months are now coming to pass.
Stephen Roach
Europe looks at China as more of a strategic partner than a competitive threat so it has stayed more out of the currency debate than the U.S..
Stephen Roach
Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
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For all of China's efforts to create a vibrant domestic market, its economy is highly dependent on exports. China's economic model these days is very much a levered play on the staying power of the overly extended American consumer, ... That's a tough place to be for any economy in an energy shock - even China.
Stephen Roach
Once viewed as an unparalleled opportunity, the Chinese miracle is now being viewed as a threat by both the U.S. and Japan.
Stephen Roach
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