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Ambrose and Stockman on China: "Hysteria over China has become ridiculous" - "the greatest economic trainwreck in human history barreling toward a bridgeless chasm"

Hysteria over China has become ridiculous
China is recovering but the world is not yet out of the woods. 
Capital outflows are dangerous wild card in China's currency drama

Ambrose Evans-Pritchard, 27 January 2016

China is not a $10 trillion growth miracle with transition challenges; 
it is a quasi-totalitarian nation gone mad digging, building, borrowing, spending and speculating 
in a magnitude that has no historical parallel.

David Stockman 27 January 2016

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