Game play at global economy explained: Dr Benn Steil

Padma Venkatraman
Moneycontrol Bureau

Talks of a hard landing in China rule the roost of news on the Street ever since LTRO-II put to rest the European crisis for the time-being.
The red dragon is showing signs of exhaustion, with the Chinese economy expected to grow slower than estimated. This has repercussions for markets across the globe since China has been one of the major consumers of commodities and a major manufacturer and exporter of goods.
Dr Benn Lawrence Steil, director of international economics at the Council on Foreign Relations (CFR), New York, attributes this slowdown to weakness in the nation