Harvard's Niall Ferguson – Talk of a China Crash Is Greatly Exaggerated

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Mar 21, 2012
China is now a big cog in the ever-present “Wall of Worry.” When Europe doesn’t seem so scary we need something else to worry about right?


Niall Ferguson seems like a pretty sharp chap, and he has some comforting and not sensationalistic comments on the state of affairs in China. His accent makes him sound so intelligent I think he must be correct.


- Rumor about a coup in China is nothing more than an urban legend.


- What is actually happening in China is a move from a very unstable political situation beginning in the 1970s to something that is more ordinary.


- China isn’t going to move from a one party system, but that one party is becoming more governed by the rule of law.


- Side effect of stimulating economy during global recession was the housing bubble which they have under control.


- Talk of a China crash is greatly exaggerated, China will continue to grow.