Room for Debate: China's Coming Economic Crisis?

Costs, but Not Crisis

Loren Brandt, economist, University of Toronto

Continued financial repression and the fiscal well-being of the central government will help to avert a Lehman-like crisis.

China Knows What It's Doing

Ann Lee, author, "What the U.S. Can Learn From China"

Should the economic situation deteriorate appreciably, the Chinese authorities have plenty of room to maneuver and stop the hemorrhage.

Bad Management Will Catch Up With China

Yasheng Huang, author, "Capitalism With Chinese Characteristics"

China may resemble Japan in how its bad debt will eventually get resolved. But the truth is, bad debt leads to crises or slowdowns.

No Need to Declare Calamity

Albert Park, Hong Kong University of Science and Technology

Any sign of slowdown in China is greeted with headline-grabbing proclamations of impending financial collapse. And each time, nothing even close to collapse has occurred.

Be Careful What You Wish For

Karl Gerth, author, "As China Goes, so Goes the World"

While rooting for the rise of the Chinese consumer, we may also want to contemplate the consequences.

Chinese Citizens Have Their Eyes on the Bubble

C. Cindy Fan, author, "China on the Move"

Beijing makes incremental and frequent changes, gradually. Chinese citizens are good at devising strategies to deal with those changes.